HPCL, BPCL to IOC: Why are oil stocks under pressure?
Oil stocks fell crude oil prices surged, with the Brent oil prices gaining more than 3%. HPCL share price dropped as much as 4.06%, while BPCL shares fell 2.66% and Indian Oil stock price declined 2.58% on the BSE. Mangalore Refinery and Petrochemicals (MRPL) shares also tumbled 4.02%.
Oil stocks fell crude oil prices surged, with the Brent oil prices gaining more than 3%. HPCL share price dropped as much as 4.06%, while BPCL shares fell 2.66% and Indian Oil stock price declined 2.58% on the BSE. Mangalore Refinery and Petrochemicals (MRPL) shares also tumbled 4.02%.
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