Brent oil touched $94 a barrel as prices extended a rally that’s pushed crude to the highest level since 2014 as investors kept bullish sentiment on expectations that global supply would remain tight as demand picks up, geo-political tension in Ukraine and shrugged off signs of progress in the U.S.-Iran nuclear talks. Rising oil price will be positive for upstream oil companies and Oil exploration companies like HPCL, OIL India, Hindustan Oil Exploration while negative for airlines stocks.
Oil prices rise over 7-year High on fears of tight supply, shrugging off US-Iran talks…Positive for Upstream oil and Oil exploration… Negative for Airlines stocks
Byadmin
Feb 7, 2022
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