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Indian oil stocks surged after global crude prices dropped following a U.S.-Iran ceasefire.
Shares of oil marketing companies in India surged Wednesday as global crude prices dropped sharply following a ceasefire between the U.S. and Iran.
Hindustan Petroleum, Bharat Petroleum, and Indian Oil rose nearly 9%, while the broader market rallied, with the Sensex climbing over 2,500 points.
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Las existencias de petróleo de la India se dispararon después de que los precios mundiales del crudo cayeran tras un alto el fuego entre Estados Unidos e Irán.