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Middle East tensions pull down stocks of crude oil-sensitive cos
Millennium Post Kolkata
|Kolkata 14 June 2025
In near-term, sectors using oil derivatives as inputs will be hit hard, Oil producers will remain resilient
NEW DELHI: Shares of crude oil sensitive sectors — oil marketing companies, aviation, paints, adhesives and tyres — declined on Friday following a spike in global oil benchmark Brent crude prices amid escalating tensions in the Middle East.
The stock of Bharat Petroleum Corporation Ltd (BPCL) fell by 1.90 per cent, Indian Oil Corporation (IOC) dropped 1.78 per cent and Hindustan Petroleum Corporation Ltd (HPCL) declined 1.41 per cent on the BSE.
In intra-day trade, BPCL tanked 6.11 per cent, Hindustan Petroleum Corporation Ltd tumbled 5.34 per cent and Indian Oil Corporation dropped 3.91 per cent.
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