Economic TimesLean R·
Falling crude oil price sends tyre, paint, oil marketing and airline companies soaring in relief rally
On Friday, a significant drop in oil prices caused a ripple effect in the stock market, with companies linked to crude oil benefiting the most. Firms in the oil marketing sector, tire production, and airlines enjoyed an uptick, as the affordable oil alleviated some financial anxieties. Conversely, upstream oil producers took a hit.
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