The Economic Times

Crude shock: After 65% annual surge, Iran-Israel war raises margin fears for BPCL, IOC and HPCL. Time to sell?

Oil marketing companies saw significant stock gains from low crude prices. However, escalating Iran-Israel/US tensions have driven crude prices up nearly 30% this year. This surge risks squeezing refining margins and impacting profitability. Experts advise investors to book profits and consider a sell-on-rise strategy as crude prices are expected to move higher, negatively affecting OMC stocks.