Oil may stay above pre-conflict levels; OMCs and gas stocks could see further upside: Probal Sen

Geopolitical easing may cool crude oil prices, but a return to pre-conflict levels remains unlikely soon. Experts suggest shipping disruptions and elevated insurance costs will keep prices elevated. While optimism is priced in, uncertainty persists, potentially leading to further volatility. Oil marketing companies may see earnings improve, while upstream firms could benefit from reduced windfall tax risks.

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