June 8, 2018 / 5:49 AM / 2 months ago

BUZZ-Indian oil marketing cos slip as oil prices climb

** Shares of top Indian oil marketing companies post biggest intraday pct loss since June 4

** Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd fall over 2 percent each to 404.9 rupees and 307.5 rupees respectively

** Indian Oil Corp Ltd slid as much as 1.6 pct, on track to post losses for a second straight session

** Oil prices were up on Friday helped by Venezuela’s struggles to meet its supply obligations and by ongoing output cuts led by producer cartel OPEC

** Brent crude futures, the international benchmark for oil prices, were at $77 per barrel at 0543 GMT

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