HPCL, BPCL, IOC rally up to 5% as oil stares at biggest weekly loss in 2019


HPCL, BPCL, IOC rally up to 5% as oil stares at biggest weekly loss in 2019

The Indian benchmark indices have extended the morning gains with Nifty jumping 134 points, trading at 11,791 while the Sensex added 442 points and is trading at 39,253 mark.

Oil prices recouped more than 1 percent on May 24 but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big falls earlier in the week.

Brent crude futures were at $68.65 per barrel at 0534 GMT, up 89 cents, or 1.3 percent, from their last close, with prices underpinned by OPEC supply cuts and Middle East tensions. Read More

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