By Debdeep Gupta | 13 Jan, 2025
Crude sensitive stocks slump as Brent oil prices surge past $81; HPCL, IndiGo, BPCL slip upto 6%
Crude-sensitive stocks like those of oil marketers, airlines, and paint and tyre manufacturers, which are dependent on crude as a key input material, took a hit on January 13 following a rise in Brent oil prices.Brent crude prices surged past $81 per barrel, hitting a three-month high in early trade today. The rally was driven by expectations that expanded US sanctions on Russian oil producers and...