Oil stocks

Oil stocks in deep green amid Red Sea crisis. ONGC shares jump 8%

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Oil stocks in deep green amid Red Sea crisis. ONGC shares jump 8%

Oil stocks jumped up to 8% on Monday led by gains in state-run Oil & Natural Gas Corporation (ONGC) and market heavyweight Reliance Industries (RIL) on fuel supply concerns in the aftermath of a missile attack on a Trafigura-operated fuel tanker in the Red Sea. ONGC shares hit their 52-week high of Rs 253.20 on … Read more

Oil stocks fall on talk of poll sops, some say time to buy

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Oil stocks fall on talk of poll sops, some say time to buy

Mumbai: Stocks of oil marketing companies dropped on Monday as reports that the government may consider cutting retail fuel prices prompted traders to cut some of their bullish bets. Analysts said these stocks were overbought after the recent run-up but a reversal might be an opportunity to load up on some of them. Among oil … Read more