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Market move▼ Bearish for Indian Oil
Oil Futures Post Back-to-Back Gains on Escalation Concerns
The brief
- Oil futures rose for a second straight session
- Houthi attacks on Saudi targets raised concerns of Middle East escalation
- Crude-price risks affect Indian oil marketing companies and fuel-sensitive sectors
- BPCL, HPCL, IOC, ONGC, Adani Power: Morgan Stanley positive on oil stocks, flags 3 surprises
- BPCL Share Price Live Updates: BPCL's Recent Decline Below 100-Day Average
- Stock Picks Today: TCS, SBI, BPCL, Lenskart, PB Fintech And More On Brokerages' Radar
- 300382.SZ - | Stock Price & Latest News
- France to send troops to secure Saudi oil plant as Houthi attacks mount
US-Iran standoff over reopening the Strait of Hormuz
Oil rose as Iran threatened to widen the conflict and held to a seven-day proposal to reopen the Strait of Hormuz, while Trump rejected the proposal. Iran said indirect talks with the US remained open; Trump said the conflict could end soon but did not rule out further strikes.
Friday, 25 September
- Oil Futures Post Back-to-Back Gains on Escalation Concerns