Bharat Petroleum Corporation Ltd (BPCL) shares declined over 3% in morning trade on June 12, 2025, reacting to a sharp surge in global crude oil prices driven by escalating geopolitical tensions in the Middle East. As of 10 AM, Bharat Petroleum shares were trading 3.61% lower at Rs 321.80.
The rise in oil prices was triggered by increasing instability in the region, particularly between the United States and Iran. Reports suggest that the U.S. is preparing to evacuate non-essential personnel from its embassy in Baghdad, heightening fears of potential supply disruptions in the global oil market.
As a result, Brent crude futures jumped $2.90, or 4.3%, to settle at $69.77 per barrel. U.S. West Texas Intermediate (WTI) crude also surged, gaining $3.17, or 4.9%, to end at $68.15 per barrel.
Bharat Petroleum shares traded in a narrow range on June 12, 2025, opening at ₹330.50 and, at the time of writing, reaching a high of ₹331.00. The stock slipped to a low of ₹321.55 during the session. Currently, it remains significantly below its 52-week high of ₹376.00 but well above its 52-week low of ₹234.01.
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