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Crude Oil Price Drop-off, OMC Stock Rise


Shares in state-owned oil marketing companies (OMC) gained in their share price today, following a fall in crude oil prices. For the past couple of days, the crude oil prices were overhead on U.S & China conflicts.

Brent crude slipped by over 4 percent to close at USD65 per barrel on Wednesday and its action brought a positive impact in the Indian stock markets today.

Bharat Petroleum Corp 2.09% high at Rs469.50-per share, Hindustan Petroleum Corp added 3.27% to Rs.249.60, and Indian Oil Corp Went up 1.93% to Rs.124.20 higher, as of 2.25-pm, Thursday.  To avail the best  Stock trading tips and the ever-time top commodity tips from our experts.

Meantime, the Sensex scaled at 41411, up by 593 points while the Nifty traded at 12,200-level up by 175 points.