Oil explorers gain as crude prices rise; OMCs fall

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Reuters
Last Updated : Dec 02 2014 | 10:05 AM IST

Reuters Market Eye - Shares in Indian oil explorers gain.

Oil and Natural Gas Corp is up 1.3 percent and Cairn India gains 1.9 pct.

Crude oil markets jump as much as 5 percent.

An increase in crude prices helps explorers improve realisation - traders

Meanwhile, shares of state-run oil marketing companies fall. Indian Oil Corp is down 1.8 percent, Hindustan Petroleum Corp is down 1.9 percent.

(Reporting by Indulal PM)

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First Published: Dec 02 2014 | 9:53 AM IST

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