BPCL, HPCL, IOC shares jump up to 5% as oil's skyrocketing rally cools down on fresh Iran-US peace talk hopes
OMC stocks surged as easing oil prices, driven by renewed hopes of US-Iran peace talks, lifted sentiment. Crude remained below the key $100 mark, reducing margin pressure concerns. Improved geopolitical outlook and steady vessel movement through Hormuz supported gains, while refiners also traded higher amid broader optimism in energy markets.
OMC stocks surged as easing oil prices, driven by renewed hopes of US-Iran peace talks, lifted sentiment. Crude remained below the key $100 mark, reducing margin pressure concerns. Improved geopolitical outlook and steady vessel movement through Hormuz supported gains, while refiners also traded higher amid broader optimism in energy markets.
