ONGC, Oil India gain up to 3% as oil prices rule at highest since 2015

Oil India hits a 52-week high of Rs 382, up 3% on the BSE. While, ONGC rallied 3.5% to Rs 205.50 extending its past one month 16% surge on the BSE.


Shares of state-owned oil exploration & production companies – Oil and Natural Gas Corporation (ONGC) and Oil India – rallied up to 3.5% on the BSE in early morning trade on rising crude oil prices. “Oil prices rose 3% on Monday, hitting the highest since early July 2015, as Saudi Arabia's crown prince cemented his power over the weekend with an anti-corruption crackdown, while the US rig count fell and markets continued to tighten,” the Reuters report suggests. CLCIK HERE TO READ FULL REPORT Oil India hit a 52-week high of Rs 382, up 3% on the BSE ...