HPCL, BPCL, IOC shares surge up to 4% as oil falls below $100 amid hopes for Iran-US war cooling off

Oil marketing company shares saw a significant jump on Wednesday. This rise followed a drop in oil prices below the $100 per barrel mark. Investors are hopeful for an end to the Iran-US conflict. This development has cheered shareholders of companies like HPCL, BPCL, and IOC. Earlier, rising oil prices had impacted these companies negatively.