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This is an archive article published on June 9, 2011

Oil marketing cos8217; shares plunge

Shares of PSU oil marketing companies were trading lower on higher global crude prices.

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Shares of state-run oil marketing companies were trading lower on higher global crude prices after the Organization of the Petroleum Exporting Countries failed to reach a deal to boost output,several dealers said. At 9.23 a.m.,shares of Indian Oil Corp. ,Hindustan Petroleum Corp. and Bharat Petroleum Corp. were down 1.5-2 per cent.

 

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