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IOC, HPCL, BPCL shares rise - What is behind the rally in crude oil-linked stocks?

As reported by mint - markets
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.
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