Falls In Global Crude Oil Prices Led Gains In OMCs

Global crude oil prices set a decline on Monday, 6-May, with International Brent crude & US WTI crude futures traded below is key level of USD70 per barrel. Led by falls in crude oil, Shares of Oil Marketing Companies or OMCs gained over 2pc intraday high in trade. Accordingly, Shares...

Crude Oil touches to 2019-High, Impact on Indian fuel price

Crude Oil prices reached a highest level in the year-2019 on Thursday, driven by Supply cuts by the Organization of the Petroleum Exporting Countries (OPEC). The international benchmark Brent Crude futures in the morning session was at USD67.14 per barrel, which is seen very close from its 2019-peak of USD67.38...

Crude Oil Outlook With Oil Company Shares Today

Shares of oil marketing companies such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) show declines on Wednesday after crude oil prices rose over 1 percent to near USD 63 per barrel in the previous session. Brent crude futures advanced 1.5 percent to settle...

IOC net profit declines 78-pc, Stock falls

State owned oil and gas company, Indian Oil Corporation Limited (IOC) reported 78 percent in its net profit for the quarter ended Dec 2018 on Wednesday. Reacting to the results, the stock of IOC was down by more than 2 percent on BSE and NSE. The company has reported a...

Crude Oil falls on concern over economic growth

Crude Oil price declined on Thursday from its fortnight-high as worries over China economic growth widened. China is at the threshold, the world’s second major consumer of crude oil. Resultantly, WTI Crude Futures declined 0.7 percent at USD 45.79 a barrel regaining a portion of previous losses of 2.6 percent....

Stock & Commodity: Falling global crude prices led gains in OMCs

Consequently, Stocks Oil Marketing Companies (OMCs) ascended on Tuesday. Stock recommendations for tomorrow