BUZZ-Indian oil & gas shares rise on lower crude prices


BUZZ-Indian oil & gas shares rise on lower crude prices

** Oil prices fell to two-week lows as they extended big losses from the previous session amid a rout in global stock markets, with oil also taking a hit from an industry report showing U.S. crude inventories rose more than expected

** “Oil prices falling becomes positive for the oil PSU pack on account of lower expectations of subsidy,” said Rohit Anuja, head of research at BOB Capital Markets

** Hindustan Petroleum Corp up 2.4 pct and was top pct gainer on NSE index

** Indian Oil Corp, Oil and Natural Gas Corp and GAIL India rise about 1 pct each Read More

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