Oil marketing companies BPCL, HPCL, and IOC saw shares rise up to 5% on June 15, boosted by falling crude oil prices following a US-Iran peace agreement. Lower crude costs enhance profitability and reduce operational expenses for these firms.
Oil marketing companies BPCL, HPCL, and IOC saw their shares rally up to 5.5% on June 15. This surge was driven by a crash in crude oil prices, which hit a three-month low following a US-Iran peace agreement. Lower crude costs significantly enhance the profitability and reduce…
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