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ONGC, Oil India hit 52-week highs as Brent crude climbs above $71/bbl


Shares of state-owned oil exploration & production companies, Oil and Natural Gas Corporation (ONGC) and Oil India hit their respective 52-week highs on the BSE in intra-day trade on Thursday on rising crude oil prices.
ONGC was up 4.4 per cent to Rs 122.95, surpassing its previous high of Rs 122.30, touched on March 8, 2021. Meanwhile, Oil India gained 3 per cent at Rs 140.70 (fresh 52-week high) in intra-day trade.
Crude oil prices traded higher with benchmark NYMEX WTI crude oil prices were trading 0.16 per cent at $68.94 per barrel for the day. Crude oil prices are trading above near term resistance of $68 rallying on strong demand outlook. ....

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Oil & Gas shares rally; ONGC, Gail surge up to 7%, hit 52-week highs


Shares of oil & gas companies were in focus on Monday after Brent crude prices hit their highest level since January, 2020. Besides, amid improved outlook and expectation of higher crude oil prices going forward, Oil and Natural Gas Corporation (ONGC) and Gail (India) surged up to 7 per cent and hit their respective 52-week highs on the BSE in the intra-day trade.
The oil prices were at their highest levels in more than a year after Yemen s Houthi forces fired drones and missiles at the heart of Saudi Arabia s oil industry on Sunday, raising concerns about production. Brent climbed $1.09 a barrel to $70.45, while US crude rose $1.08 to $67.17 per barrel. The crude oil price also jumped on optimism about the demand outlook as the global economy recovers. ....

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Oil And Gas Shares Today: Oil And Gas Stocks GAIL India, ONGC Gain Amid Rally In Global Crude Oil Prices


Shares of GAIL India, ONGC gained today following rally in global crude oil prices
Share price of oil and gas companies including GAIL India Limited and Oil and Natural Gas Corporation (ONGC) Limited surged on Friday, March 5, after global oil prices jumped more than $1 a barrel, hitting their highest levels in almost 14 months. This came after OPEC and its allies agreed not to increase the supply in April as they await a more substantial recovery in demand amid the COVID-19 pandemic. On Friday, GAIL India surged over two per cent on the BSE. It opened at Rs 144.05, touching an intra day of Rs 149.95 and an intra day low of Rs 144.05, so far. Shares of ONGC opened on the BSE at Rs 116.25, touching an intra day high of Rs 118.20 and an intra day low of Rs 113.90, so far. ....

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