Business Standard

Aban Offshore, Oil India up over 3%; HPCL, BPCL, IOC down over 5%

ONGC, Jindal Drilling, Hindustan Oil Exploration and Deep Industries were up in the range of 3% to 7% after oil prices rose more than 3% on Tuesday.

Crude oil
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SI Reporter Mumbai
Shares of oil exploration, equipment and services companies were trading higher on the bourses by up to 7% on Wednesday in otherwise subdued market after on higher crude oil prices.

Oil and Natural Gas Corporation (ONGC), Oil India, Aban Offshore, Jindal Drilling & Industries, Hindustan Oil Exploration and Deep Industries were up in the range of 3% to 7% on the BSE. On comparison, the S&P BSE Sensex was down 0.30% at 33,780 points at 10:07 AM.

Oil prices rose more than $2, or over 3%, on Tuesday as investors grew more confident that a brewing trade dispute

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