Stock Market Today, June 12 -- ONGC, Oil India share prices gained up to 5% in the morning trades on Thursday on surging Crude Oil prices. The rising Crude prices improve outlook on the net realisations these upstream oil producers earn.

The crude prices have been rising with increasing geopolitical tensions. The Brent Crude price that had dipped to close to $60 a barrel levels ($61 a barrel level) in April has now risen to $69 a barrel levels.

"The spike in Brent crude to $70 is on heightened security risks in the Middle East. ONGC and Oil India can respond positively" said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

The declining crude price had been a concern for ONGCb or Oil and Natural Gas Corporation Ltd ...