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ONGC hits 52-week high, Oil India soars 5% amid jump in crude oil prices

Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States

oil, oilfield, exploration, prices, petrol, crude oil, drill, natural gas, production, ongc, vedanta, cairn
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SI Reporter Mumbai
Shares of state-owned oil exploration & production companies Oil Natural Gas Corporation (ONGC) and Oil India rallied 5 per cent each on the bourses on higher crude oil prices.

ONGC was up 5 per cent at Rs 130 in the intra-day trade, surpassing its previous high of Rs 128.45 touched on 15 June, 2021. Oil India, meanwhile, hit a fresh 52-week high at Rs 208.80, and has gained 5 per cent on the BSE. In comparison, the S&P BSE Sensex was up mere 0.20 per cent at 58,364 points at 09:49 am.

Oil prices climbed on Wednesday after

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