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The Economic Times
The Economic Times
Business
Veer Sharma

BPCL, HPCL, IOCL shares rally up to 4% as oil prices hit two-month low. What are experts saying?

Oil United States Iran Donald Trump Strait of Hormuz Hormuz Saudi Aramco

Shares of Hindustan Petroleum Corporation Limited, Indian Oil Corporation and Bharat Petroleum Corporation Limited gained up to 4.5% on Friday after crude oil prices hit a two-month low as the US and Iran moved closer to a peace deal.

HPCL shares gained 3.5% to their day’s high of Rs 379 on the BSE, while IOCL shares rallied 3% to Rs 138 per share. BPCL soared the most, up 4.5% to Rs 295.

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