By Mousumi Paul Jul 24, 2019 10:19:48 AM IST (Published)
Follow real-time updates on Union Budget 2023Catch exclusive videos on Union Budget 2023 from CNBC-TV18
Shares of oil marketing companies (OMCs) declined on Wednesday after the crude oil prices edged higher.
Recommended Articles
View All
Pakistan economy at alarming level as foreign reserves drop to $3.1 billion from $16.6 billion in a year
Feb 3, 2023 IST3 Min(s) Read
FM Nirmala Sitharaman speaks on inflation, taxes, GDP and more. Read the full interview here
Feb 3, 2023 IST37 Min(s) Read
FM hints at lowering income tax burden further, says taking 42.7% from highly skilled doesn't look fair
Feb 3, 2023 IST3 Min(s) Read
FM says the process is on to decide on the best possible timing for divestments
Feb 3, 2023 IST2 Min(s) Read
Intraday, the share price of Bharat Petroleum Corporation Ltd fell 4 percent to its day's low of Rs 344.70 per share on the NSE. Hindustan Petroleum Corporation Ltd was down 4.6 percent to Rs 276.65 and Indian Oil Corporation was down 1.59 percent to Rs 145.
Oil prices rose on Wednesday, extending gains after an industry group reported a much bigger than expected drop in US inventories, while the US Navy said it may have downed a second Iranian drone last week.
Brent crude futures were up 20 cents, or 0.3 percent, at $64.03 a barrel by 0300 GMT, after rising nearly 1 percent on Tuesday. US West Texas Intermediate crude were up 23 cents, or 0.4 percent, at $57.00 a barrel, having risen about 1 percent in the previous session.
Signs of rising tensions in the Middle East offset a weaker global growth outlook from the International Monetary Fund, which had kept prices largely flat for much of Tuesday's session.
(Inputs from Reuters)
Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!