 "Oil hits two-month high on tighter US market, Venezuela sanctions risk")
Shares of oil exploration, equipment and services companies were trading higher on the bourses by up to 11% in the morning deal after oil prices soared more than 3% on Monday, with Brent hitting its highest in more than two years.
Dolphin Offshore Enterprises, Aban Offshore, Selan Exploration Technology, Hindustan Oil Exploration Company and Jindal Drilling were up between 5% and 11% on BSE. Oil and Natural Gas Corporation (ONGC) and Oil India up 2% each, as compared to 0.12% decline in the S&P BSE Sensex at 09:27 AM.
The November Brent crude futures contract settled up$2.16, or
Dolphin Offshore Enterprises, Aban Offshore, Selan Exploration Technology, Hindustan Oil Exploration Company and Jindal Drilling were up between 5% and 11% on BSE. Oil and Natural Gas Corporation (ONGC) and Oil India up 2% each, as compared to 0.12% decline in the S&P BSE Sensex at 09:27 AM.
The November Brent crude futures contract settled up$2.16, or
