BPCL, HPCL & IOC shares gain as weaker economic data outweighs middle-east tensions

SummaryShares of Hindustan Petroleum Corp (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) were trading over 2% higher on Tuesday following the drag in oil prices. Futures of Brent crude, the global benchmark, were trading at $87.68/barrel on Thursday morning, down from the highs of over $90/barrel on Wednesday.Shares of oil marketing companies (OMCs) rose on Thursday morning after oil prices fell 3% dragged by concerns over demand outweighing the ongoing tensions…
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Source: https://upstox.com/news/market-news/stocks/omc-shares-gain-as-oil-prices-fall-3percent/article-80956/