Venezuela crisis fueling Indian oil stocks! RIL hits 52-week high; ONGC up 1%

Indian energy stocks surged on Monday, driven by geopolitical shifts in Venezuela. Reliance Industries hit a 52-week high, while ONGC, HPCL, IOC, and Oil India also saw gains. Speculation is rife that a US-led restructuring could unlock significant unpaid dividends for ONGC from its Venezuelan investments, potentially boosting its financials.