BUZZ-India's oil marketing stocks rise as crude prices fall on easing US-Iran tensions

** Shares of Indian oil marketing companies rise in morning trading

** Oil prices fall after U.S. President Donald Trump canceled ‌plans to strike Iran, reducing fears of an escalation of hostilities

** Indian Oil Corporation IOC.NS rises 2.6%; Bharat Petroleum Corporation BPCL.NS up 3.3%; Hindustan Petroleum HPCL.NS jumps 4%

** Brent futures fell ​1.3% to $89.17, it has fallen 4.2% on a weekly basis

** Higher oil prices tend to reduce operating margins for oil marketing companies

** YTD, IOC down 17.7%, BPCL down 23.5%, HPCL down 24.4% vs 11.1% fall in Nifty Oil and Gas Index .NIFOILGAS


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