New Delhi, June 25 -- As tensions between the US and Iran have begun cooling down, the prices of brent crude oil declined to below $72 per barrel level in the international markets. Brent crude fell over 1.52% to around $72.4 a barrel, while US benchmark West Texas Intermediate (WTI) fell 1.43% to about $69.3 a barrel.
Due to the fall in the crude oil prices, the share prices of Oil Marketing Companies (OMCs), and airlines sector posted gains at the stock markets. Shares of Bharat Petroleum Corporation (BPCL) gained 1%, Hindustan Petroleum Corporation (HPCL) advanced 0.9%, Indian Oil Corporation (IOC) marginally higher at 0.1% in the early trade.
Shares of InterGlobe Aviation, the parent of IndiGo, surged 4.49%, SpiceJet share price jumpe...