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Shares of oil marketing companies such as Indian Oil Corporation, BPCL and HPCL may come under pressure as brent crude oil prices climbed above $110 a barrel for the first time in six weeks on signs that the crisis in Ukraine is escalating. WTI crude oil is inching towards $105. Any further rise could put pressure on these companies. The Centre on Tuesday reduced petrol prices by 70 paise a litre, as the rupee appreciated against the US dollar.
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