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Company News

BUZZ-Indian oil marketers fall as crude hits near 5-month high

** Shares of oil marketers Indian Oil Corp Ltd, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd fall between 2.1 pct and 4.2 pct

** Oil prices climb for a fourth day, helped by support from OPEC-led supply cuts and U.S. sanctions

** Brent futures hit highest since Nov. 12 at $69.87 per barrel

** BPCL falls to its lowest since March 8, while HPCL hits lowest level since March 13

** OMC stocks so far have a steady 2019 with IOC gaining 15.4 pct as of Tuesday’s close, while HPCL and BPCL added 8.2 pct and 4.9 pct, respectively

** Broader Mumbai market up 7.8 pct over the same period

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