Crude-Sensitive Shares Fall Up to 4% as Oil Surges Past $114
Shares of oil marketing companies, airlines, paint makers and tyre producers fell around 1 to 4 percent as crude prices rose above $114 a barrel, the highest since May.
Shares of oil marketing companies (OMCs), aviation firms, paint manufacturers and tyre producers remained under pressure falling falling by around 1 to 4 percent on Friday’s trading session, as crude oil prices surged past $114 a barrel for the first time since May amid escalating geopolitical tens…