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Oil Co Stocks continue Gains As Brent Crude Falls

Shares of major Oil Marketing Companies superbly maintained its force for the third straight trading session on Friday as the Brent Crude prices were below its key level of USD75.

As per data by bloomberg, Brent crude declined 0.19pc at USD74.21/bbl and WTI crude dropped 0.41% at USD64.94. Oil prices globally eased from the pick of Six-months high on higher output optimism from OPEC.

During the afternoon session, shares of oil marking companies namely BPCL jumped 3.81%, HPCL went up 2.47pc and IOC gained 1percent each. In addition, the Indian rupee gained 19ps at 70.06 against the dollar after Brent oil prices retracted from its USD75 per barrel levels.