OPEC supply restraint, hardening oil prices see oil companies' shares flying


Source: zeebiz.com zeebiz.com

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Shares of oil companies were flying on the bourses on Tuesday, following further strengthening of global crude oil prices on Monday with oil cartel OPEC+ deciding to continue with their gradual approach to raise production. At around 11.20 a.m., shares of the Oil and Natural Gas Corporation (ONGC) jumped 7.22 per cent to Rs 158.25 on the BSE while that of Oil India Ltd (OIL) gained 1.92 per cent to reach Rs 246.30. See Zee Business Live TV Streaming Below: Indian Oil Corporation shares were up 2.89 per cent to Rs 129.90 while privatisation- bound Bharat Petroleum Corporation shares also...