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Oil marketing stocks gain as crude eases
Oil marketing stocks advanced as declining crude prices improved margin outlook amid easing geopolitical tensions.
Shares of HPCL, BPCL, and IOC rose up to four percent as global crude oil prices softened amid easing geopolitical tensions between the United States and Iran. Lower crude prices improve marketing margins for oil companies, supporting investor sentiment. Sustained moderation in crude prices could aid near term earnings visibility, although government pricing policies and inventory levels remain key variables to monitor.