Oil stocks rally today: BPCL, HPCL and IOC jump 6% as fuel price hiked for fourth time in 10 days

Indian oil company stocks surged up to 6% on Monday following a government fuel price hike. This rally was further boosted by a significant drop in global crude prices, driven by easing US-Iran tensions and hopes for the reopening of the Strait of Hormuz. Brent and WTI crude futures saw substantial declines, marking their lowest levels in two weeks.

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