Oil scrips run out of fuel as crude drops - India Infoline.com

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Shares of two oil exploration firms fell 1.39% to 1.98% at 14:46 IST, after crude declined 44 cents or 0.55% to $79.14 a barrel in Asian trading as signs of weakness in the US economy aggravated worries about the strength of the global recovery.

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India's biggest state-run oil exploration firm by revenue Oil & Natural Gas Corporation (ONGC) fell 1.39% to Rs 1160.10. Cairn India declined 1.98% to Rs 279.90. But, India's second biggest oil and gas exploration firm by revenue, Oil India, was flat at Rs 1210. On BSE, Oil India clocked volumes of 13,723 shares, ONGC reported volumes of 93,224 shares and Cairn India clocked volumes of 1.84 lakh shares.

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This page contains a single entry by Viraj published on November 19, 2009 5:32 PM.

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