OMC shares fall as crude oil rises - Business Standard

Rising crude oil prices are again taking a toll on share prices of domestic oil marketing companies (OMCs).

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With the crude oil futures index on the New York Mercantile Exchange around $90 per barrel, the share prices of Hindustan Petroleum Corporation, Bharat Petroleum and Indian Oil Corporation have fallen by 6-11 per cent in one month.

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This is in sharp contrast to the 7 per cent rise of the Sensex, the benchmark equity index of the Bombay Stock Exchange, during the period.

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Full Story: OMC shares fall as crude oil rises - Business Standard