Four oil exploration and production stocks edged higher by 0.66% to 3.8% at 12:09 IST on BSE as global crude oil prices surged.
Cairn India (up 2.03% at Rs 148.60), Oil India (up 3.63% at Rs 330.15), ONGC (up 3.8% at Rs 222.50) and Reliance Industries (up 0.66% at Rs 1,023.55), edged higher.
Meanwhile, the S&P BSE Sensex was up 27.16 points or 0.1% at 26,034.46.
Crude oil prices rose in the global commodities markets after weekly data from the American Petroleum Institute showed decline in US crude inventories last week. Brent for June settlement was currently up 56 cents at $46.30 a barrel. The contract had risen $1.26 a barrel or 2.83% to settle at $45.74 a barrel during the previous trading session.
Higher crude oil prices will result in higher realization from crude sales for oil exploration firms.
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