Thu. Feb 9th, 2023

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.

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