VERIFIEDEconomic Times News·12 Jun 2026positive

BPCL, HPCL, IOCL shares rally up to 4% as oil prices hit two-month low. What are experts saying?

AI Summary

·Shares of HPCL, IOCL, and BPCL rallied up to 4% on Friday.
·The surge in oil marketing stocks coincided with crude oil prices falling to a two-month low.
·Experts suggest that full oil market normalization may take several years, even if a US-Iran deal is reached.