NEW DELHI : Shares of oil marketing companies rose by up to 3.6% on Wednesday on easing crude prices.
Shares of Bharat Petroleum Corporation Limited jumped 3.65%, Hindustan Petroleum Corporation Limited gained 3.64% and Indian Oil Corporation rose 2.68% on the BSE.
Oil markets stabilised after Saudi Arabia’s energy minister said more than half of the country’s daily crude oil production, that was knocked out by the drone attack over the weekend, has been recovered.
Brent crude futures fell 0.95% to $63.94 per barrel in intra-day.
