Oil stocks rise as Brent crude nears $100

Oil stocks rise as Brent crude nears $100. Shares of ONGC, Oil India, Chennai Petroleum, and MRPL climbed sharply as international crude prices approached $100 per barrel. Rising oil prices typically boost upstream and refining companies’ profitability. The surge reflects investor optimism on higher revenues from elevated crude benchmarks.

📊 STOCKS: ONGC, OILINDIA, CHENNPETRO, MRPL | 🏢 SECTOR: Energy | #MEDIUMIMPACT #Energy