Despite increasing crude oil prices, ONGC shares have underperformed the Sensex so far in 2018. Firm crude oil prices should be good for oil producers. Despite increasing crude prices, ONGC shares have underperformed the Sensex so far in 2018. Collectively, these factors took away the benefits from better crude oil prices during the quarter. Net crude oil price realizations were $66.7 a barrel, in keeping with expectations and aligned with the general increase in crude prices.

Source: Mint June 04, 2018 02:03 UTC