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IOC, HPCL, BPCL shares rise - What is behind the rally in crude oil-linked stocks?
2 Articles
2 Articles
IOC, HPCL, BPCL shares rise - What is behind the rally in crude oil-linked stocks?
Shares of oil and gas companies, including IOC, HPCL, BPCL, and GAIL, climbed up to 3% in intraday trade on the BSE on Wednesday. Stocks like Petronet LNG, Indraprastha Gas, and Reliance Industries also gained significantly during the session.
·New Delhi, India
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India's crude oil market has risen sharply today after a week of sharp declines. The main reason for this is Saudi Arabia. The country's East-West pipeline was severely damaged by a drone attack by Houthi forces, which caused severe damage to the country's crude oil exports from the Gulf.
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