China-US trade talks – Oil prices rises
Oil prices rose on Friday, shaking off early losses after China said it would hold talks with the U.S. government on Jan. 7-8 to look for solutions to a trade dispute between the world’s two biggest economies.
OMC, Aviation stocks fall as Oil prices rise
Shares of aviation and oil marketing companies fell after crude oil prices traded near $85 bbl. Jet Airways declined 3%, SpiceJet 4% and InterGlobe Aviation 2.7%. Among OMCs, HPCL fell 2%, BPCL was 2.3% and Indian Oil 1.3%.
OMC, Aviation stocks fall