Crude oil prices are back near $105–106 a barrel, putting oil and gas stocks in focus. Should investors bet big on upstream companies like ONGC and Oil India, or remain cautious? Avinash Gorakshakar, Founder, Avinash Mentor Research, explains how elevated crude prices could impact upstream profitability, oil marketing companies and sectors such as aviation, chemicals and lubricants. The discussion explores whether the rally can sustain, the outlook for ONGC and Oil India, and why investors may need to monitor crude prices before taking fresh positions. With October crude prices being a key trigger, what lies ahead for oil and gas stocks?
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