Cooling crude oil price sends Indian Oil, BPCL, HPCL shares soaring — what investors may do
Crude oil price effect: Shares in state-run oil marketing companies Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HINDPETRO) jumped on March 16, a day after international crude oil benchmarks eased to their lowest levels recorded in more than a year. Brent and US WTI crude oil prices fell around five per cent each to $73.7 per barrel and $67.6 per barrel respectively.
Crude oil price: The two international benchmarks, Brent and US WTI, rose to their highest levels in more than a year on March 15. | Image: Reuters