- Published at
- by economictimes.indiatimes.com
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IOC, BPCL and other OMC stocks rally up to 4% as crude prices fall after OPEC+ output hike
Shares of oil marketing companies IOC, BPCL, and HPCL declined up to 4.2% as global crude oil prices fell after OPEC+ decided to increase production by 411,000 barrels per day starting May. The decision aims to gradually unwind pandemic-era output cuts and manage supply cautiously.