Oil Marketing Stocks Rally as Crude Prices Dip Below 80

A slide in crude prices to below 80 dollar a barrel triggered up to 9 percent rally in the stocks of oil marketing companies (OMC) on December 28 as lower input cost would help widen their margins.

 

In



intra-day trade, Brent crude was trading at 79 dollars and 80 cents per barrel, while U.S. West Texas Intermediate crude was trading at 74 dollars and 20 cents per barrel when reports last came in.