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The Economic Times

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Oil explorers surge with global crude after US storm hit

Indian oil explorers surged on Wednesday as global crude prices jumped due to Winter Storm Fern disrupting US output and tightening near-term supply. Oil India and ONGC shares climbed significantly, with the Nifty Oil & Gas Index outperforming broader markets. Analysts noted that stable crude prices directly boost upstream companies' earnings.

29 Jan 2026 5:35 am