Oil Exploration Stocks Slip as Crude Prices Correct

Shares of oil exploration companies fell up to 6.5% after crude prices dropped sharply from recent three-year highs. Brent and WTI declined over 6% amid hopes of a possible end to the Middle East conflict. Stocks like

ONGC, Oil India, and Hindustan Oil Exploration saw declines, while the Nifty Oil & Gas index slipped about 0.5%.