Brent Crude Surges Amid Geopolitical Tensions, Nifty 50 Dips

  Published 1 year ago

Brent crude jumps 8% to $74.95 as tensions rise; Nifty 50 drops 0.82%, PSU OMCs face under, recoveries from higher oil prices.

  • Geopolitical unrest threatens oil supply via the Strait of Hormuz, spiking Brent crude prices.
  • The government allows petrol and diesel pricing freedom amid rising crude costs.
  • BPCL, HPCL, IOC shares fall 1.2%, 2.59% on energy sector concerns.

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