India's ONGC, Oil India rise as Brent tops $90 a barrel

Oil India

20/07/2026 06:25

** Upstream oil producers ONGC ONGC.NS and Oil India OILI.NS rise as much as 2.1% and 3.1%, bucking the broader trend
** Benchmarks Nifty 50 .NSEI and Sensex .BSESN slip 0.5% and 0.6%
** Brent crude LCOc1 rises 2.5% to top $90 a barrel as the U.S., Iran expand strikes, restricting oil shipments through the Strait of Hormuz O/R   
** Upstream oil producers benefit from higher crude as it improves the revenue realisations and profitability
** ONGC up 4% and OILI rises 5.1% in 2026 so far, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))