ONGC, Oil India Stocks Rocket for 4th Day Amidst Soaring Global Crude Prices

• Shares of ONGC and Oil India Limited surged for the fourth consecutive day as global oil prices hit a 12-week high.
• ONGC shares gained approximately 1%, while Oil India shares rose by 1.6% on Wednesday, January 14.
• In the last three sessions, Oil India shares increased by 9.3%, and ONGC shares saw a 5.2% rise.
• Brent Crude Oil is trading near $66 per barrel, driven by protests in Iran and potential US intervention.
• A $1 per barrel increase in crude oil prices could boost ONGC and Oil India's earnings by 300-400 crore rupees.

Why It Matters: ONGC and Oil India stocks continue to rally, fueled by rising global crude oil prices and strong investor interest.