BPCL, HPCL, IOCL shares rally up to 4% as oil prices hit two-month low. What are experts saying?

June 12, 2026

Indian oil marketing stocks surged as crude oil prices dropped to a two-month low amid reports of a potential US-Iran peace deal. HPCL, IOCL, and BPCL shares gained significantly on Friday. Experts, however, caution that full oil market normalization could take years even if a deal is reached.

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