Indian upstream oil firms gain as crude prices tick up

Oil India

12/06/2025 04:58

** Shares of Indian upstream oil cos rise

** ONGC ONGC.NS up ~3%, Oil India OILI.NS moves 4% higher

** Oil prices ticked up to their highest in more than two months on worries tensions between the U.S. and Iran may escalate

** Rise in crude prices fetches upstream cos higher selling prices of oil and is a potential positive for these cos

** YTD ONGC and OILI up 3.4% and 8%, respectively

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))