BPCL, HPCL, IOCL shares surge as crude falls below $75 bbl

Shares of IOC, BPCL, and HPCL surged on March 16. A day after international crude oil benchmarks eased to their lowest levels recorded in more than a year. Brent and US WTI crude oil prices fell around 5% each to $73.7 per barrel and $67.6 per barrel respectively.