IOC, BPCL, HPCL Shares Drop 4% As Crude Oil Price Climbs 3% To $76 Per Barrel As US Strikes Iran
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Shares of oil companies such as IOC, BPCL, and HPCL have fallen, with some reports indicating a drop of up to 4% and others as high as 7%. The decline is reportedly linked to rising crude oil prices, which have been affected by US strikes on Iran. However, there is some uncertainty in the reports, with one outlet suggesting the oil companies' shares actually gained amid falling oil prices.
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