OMC stocks fall as crude oil prices spike on Middle East tensions
Updated : January 03, 2020 11:34 AM IST
BPCL was trading lower by 1.17 percent while HPCL was down 1.89 percent around 11:30 am.
The rise in crude oil prices affects the gross refining margins of the oil marketing companies.
Brent crude futures jumped to their highest since September after the US airstrike.