BPCL, HPCL, Adani Total, other oil and gas stocks gain after crude oil prices ease
Oil and gas shares rose on Tuesday, 19 May, following indications of reduced tensions between the US and Iran, which lifted optimism for stability in global crude supply and a decrease in oil prices.
Investor confidence particularly strengthened for downstream oil marketing firms, as falling crude prices are expected to lower raw material costs and boost refining and marketing margins.
