oil prices moved slower after data indicated a moderate decline in U.S crude
stockpiles. U.S crude inventories have fallen by 1.1-mn barrels last week, as
per EIA said on Wednesday.
according to Bloomberg, Brent crude oil today slipped 0.69 percent to USD63.36
per barrel and WTI slipped 0.70% at USD56.94/per barrel.
market watch, shares of most of Oil Marketing Companies ended on higher side as
oil prices set a decline on Thursday.
a result, Nifty energy index inched higher at 0.17% at 16,203.65. Accordingly,
shares of Gail India rose 2.94%, PowerGrid rose 0.57%, ONGC added 0.48%, IOC rose
0.35%, Reliance added 0.11% and Hindustan Petroleum rose 0.05%.
the other hand, NTPC, Reliance Infra, Bharat Petroleum and Tata power closed lower
in range between 0.10 to 2.30% in the Nifty energy index.