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Wednesday, June 8, 2011

Oil marketing cos' shares down on firm global crude

Shares of state-run oil marketing companies were trading lower on higher global crude prices after the Organization of the Petroleum Exporting Countries failed to reach a deal to boost output, several dealers said.

At 9.23 a.m., shares of Indian Oil Corp. , Hindustan Petroleum Corp. and Bharat Petroleum Corp. were down 1.5-2 percent.

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