Stocks

OMCs in focus as crude oil resumes slide

| Updated on January 18, 2018 Published on July 29, 2016

30NEW_IOCL col.eps

Oil marketing firms Indian Oil Corp, HPCL and BPCL may remain in focus, as crude oil prices continued their slide on Friday, pushing the prices to near three-month lows. Brent crude was hovering around $42.71 a barrel on London’s ICE Futures exchange, while WTI crude at NYMEX was quoting at $40.74 a barrel. Shares of upstream companies, such as ONGC and Oil India may also come under pressure, as they could see a hit on their refining margins.

Published on July 29, 2016
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