Oil on a boil! How will rising crude prices impact ONGC, Oil India earnings? JM Financial explains
Crude oil prices rose for the second consecutive day, with Brent nearing $75 and WTI over $74 amid Middle East tensions. This surge may negatively impact Indian stocks, but benefit upstream firms like ONGC and Oil India, which could see EPS boosts from rising prices.
Crude oil prices rose for the second consecutive day, with Brent nearing $75 and WTI over $74 amid Middle East tensions. This surge may negatively impact Indian stocks, but benefit upstream firms like ONGC and Oil India, which could see EPS boosts from rising prices.
