Oil exploration cos gain as crude prices surge

Oil exploration cos gain as crude prices surge

- in ECONOMY
163
0
OilOil

The Gaza Post|The News of Palestine-Libya

A pipeline blast in Libya along with a bullish budget forecast in Saudi Arabia led to the surge in prices.

Shares of oil exploration companies rose 1.7-4% as crude oil prices rose to an over two-year high in the international markets. A pipeline blast in Libya along with a bullish budget forecast in Saudi Arabia led to the surge in prices.

At 11:30 AM, shares of Dolphin Offshore Enterprises India, Hindustan Oil Exploration, Oil India were up 0.7-3.0%.

Hindustan Oil Exploration Company Ltd is currently trading at Rs135.6, up by Rs0.3 or 0.22% from its previous closing of Rs135.3 on the BSE. The scrip opened at Rs138 and has touched a high and low of Rs139.65 and Rs135.6, respectively. The current market cap of the company is Rs1,765.53cr.

Oil India Ltd is currently trading at Rs359.95, up by Rs2.9 or 0.81% from its previous closing of Rs357.05 on the BSE. The scrip opened at Rs363.95 and has touched a high and low of Rs363.95 and Rs358.7, respectively. The current market cap of the company is Rs27,014.5cr.

Source:Trade Arabia

About the author

Related Posts

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.