Oil India Limited clarifies that there is no undisclosed information or announcements related to the recent movement in the company’s scrip. The company acknowledges the increase in crude oil prices from USD 60 (on January 7, 2026) to approximately USD 68 (on January 28, 2026), representing over a 13% increase in three weeks. This price movement reflects global market conditions and geopolitical factors.
Response to Volume Queries
Oil India Limited addresses inquiries regarding the recent trading activity of the company’s stock. There are no undisclosed factors influencing recent trading volumes.
Crude Oil Price Impact
The company acknowledges the rise in crude oil prices, influenced by global market dynamics. Specifically, prices have risen from USD 60 on January 7, 2026, to approximately USD 68 on January 28, 2026. This translates to a 13% increase over three weeks.
Market Factors at Play
Fluctuations in crude oil prices are often tied to world market conditions and broader geopolitical factors. These external elements, not internal company announcements, are influencing the stock’s activity.
Source: BSE
