OMC stocks under pressure: Shares of oil marketing companies (OMCs) fell up to 3% on Thursday, February 19. The three state-run OMCs—Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) —saw a retreat in their share prices, giving up recent gains, as the rebound in global crude prices weighed on investor…
Crude oil prices declined on Friday, extending losses from the previous session, as worries over supply disruptions eased with the reduced likelihood of a US strike on Iran. Brent crude slipped 21 cents, or 0.3%, to $63.55 a barrel, while US West Texas Intermediate fell 15 cents, or 0.3%, to $59.04 a barrel. Meanwhile, back…
Shares of Exxon Mobil were trading higher in pre-market trade on the NYSE on Monday, 5 January, surging 5% to $126.33 apiece as demand for US oil companies on Wall Street spiked after US President Donald Trump said the United States plans to “run” Venezuela following the ousting of Nicolás Maduro over the weekend. Along…
