BPCL, HPCL, IOC shares surge up to 6% as oil prices slide over $2/bbl after OPEC+ output hike

Brent crude futures fell $2.04, or 3.33%, to $59.25 a barrel by 2240 GMT, while U.S. West Texas Intermediate dropped $2.10, or 3.60%, to $56.19 a barrel. Both benchmarks opened Monday at their lowest levels since April 9, reacting to OPEC+’s decision to raise oil production for a second consecutive month.

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