{"id":372873,"date":"2020-09-10T08:40:16","date_gmt":"2020-09-10T03:10:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=372873"},"modified":"2020-09-10T09:20:20","modified_gmt":"2020-09-10T03:50:20","slug":"oil-related-stocks-in-focus-as-crude-oil-prices-tumble-ongc-declines-4","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-related-stocks-in-focus-as-crude-oil-prices-tumble-ongc-declines-4\/","title":{"rendered":"Oil-related stocks in focus as crude oil prices tumble; ONGC declines 4%"},"content":{"rendered":"<p>Shares of oil &amp; gas, paints, aviation, and tyre companies were trading actively on the BSE on Wednesday as the crude oil prices tumbled after Saudi Arabia cut its October selling prices and Covid-19 cases rebounded in many countries. The rebound in Covid-19 cases could weaken the global economic recovery and sap fuel demand.<\/p>\n<p>At 09:39 AM, the S&amp;P BSE Oil &amp; Gas index was trading over 1 per cent lower at 12,728 levels. Oil marketing companies (OMCs) such as Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), and Indian Oil Corporation (IOC) declined up to 2 per cent during the trade. Oil exploration and distribution firm Oil and Natural Gas Corporation (ONGC) was trading 4 per cent lower at Rs 71.50 levels. GAIL India, too, was trading around 3 per cent lower at Rs 91.75.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of oil &amp; gas, paints, aviation, and tyre companies were trading actively on the BSE on Wednesday as the crude oil prices tumbled after Saudi Arabia cut its October selling prices and Covid-19 cases rebounded in many countries. The rebound in Covid-19 cases could weaken the global economic recovery and sap fuel demand. At 09:39 AM, the S&amp;P BSE Oil &amp; Gas index was trading over 1 per cent lower at 12,728 levels. Oil marketing companies (OMCs) such as Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), and Indian Oil Corporation (IOC) declined up to 2 per cent during [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-372873","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=372873"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372873\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=372873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=372873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=372873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}