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OMC stocks fall as brent crude rises after fresh US strikes
short by / on Wednesday, 8 July, 2026
Oil marketing stocks declined after Brent crude surged following fresh US strikes against Iran. HPCL fell 3.08%, BPCL declined 2.93%, IOC slipped 1.52%, and Reliance Industries lost 1.23%. In contrast, Chennai Petroleum gained 4.04%, outperforming the broader oil and gas sector despite volatile crude prices.