Home / Markets / News / HPCL, BPCL surge up to 13%; RIL slumps 8% as Brent Crude hits 20-yr low

HPCL, BPCL surge up to 13%; RIL slumps 8% as Brent Crude hits 20-yr low

At 9:38 am, Brent Crude Futures were at $32.27/bbl, down 13 cents or 28.72 per cent, US WTI, on the other hand, was at $28.45/bbl-mark, down 12.83 cents or 31 per cent.

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Saudi Arabia launched an all-out oil war on Sunday with the biggest cut in its prices in the last 20 years

5 min read Last Updated : Mar 09 2020 | 10:52 AM IST

Oil marketing companies, and paint stocks including Hindustan petroleum, and Berger Paints were trading higher in an otherwise weak market after oil prices crashed to a 20-year low of around $33 per barrel-mark. Brent Crude Futures tanked on Monday after top exporter Saudi Arabia launched a price war in response to a failure by leading producers to strike a deal to support energy markets.

At 9:38 am, Brent Crude Futures were at $32.27/bbl, down 13 cents or 28.72 per cent, US WTI, on the other hand, was at $28.45/bbl-mark, down 12.83 cents or 31 per cent.

At the bourses, OMC

Topics : Coronavirus Buzzing stocks Markets HPCL BPCL Indian Oil OMCs Asian Paints Berger Paints Oil prices sink Auto sales Oil Asian Paints

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