Crude shock: Shares of oil marketing companies fall up to 7.04 pct
Shares of oil marketing companies (OMCs) saw a sharp fall on Monday as global oil prices surged due to the attack on Saudi Arabian refining facilities, which disrupted global oil supply. Prices of Brent opened at $66.45 per barrel and went up to $71.95 intra-day on Monday following the drone strikes on Saudi crude oil infrastructure.
Shares of Bharat Petroleum Corporation was the worst performing stock in the BSE Oil & Gas index and closed at Rs 380.10, down by 7.04% or Rs 28.80. Hindustan Petroleum Corporation and Indian Oil Corporation fell by 5.70% and 1.15%, respectively. The BSE Oil & Gas index ended at 13,419.66, down by 219.68 points or 1.61%.
