S.Korea's refineries drop, airlines jump on oil price slump

Trinity Airways Co

14/11/2018 01:37

** Shares of South Korean oil refineries tumble, while those
of airlines leap as oil prices plunge
    ** International benchmark Brent crude  LCOc1  ended down
6.6 pct at $65.47 a barrel, while U.S. West Texas Intermediate
crude  CLC1  plunged 7.1 pct to $55.69 a barrel, for a record
12th straight decline and the lowest since Nov 2017, weighed
down by weakening global demand and oversupply.  urn:newsml:reuters.com:*:nL4N1XO07F
    ** Shares of SK Innovation Co Ltd  096770.KS , owner of
South Korea's top refiner SK Energy, slide as much as 4.5 pct;
while those of S-Oil Corp  010950.KS , South Korea's
third-biggest refiner, fall 4.9 pct
    ** Korean Air Lines Co Ltd  003490.KS  jump as much as 8.3
pct, while its parent Hanjin Kal Corp  180640.KS  surges as much
as 10.4 pct
    ** The country's budget carriers such as JejuAir Co Ltd
 089590.KS  and T'way Air Co Ltd  091810.KS  also gain 7.7 pct
and 6.2 pct, respectively
    ** Broader market  .KS11  down 0.2 pct as of 0127 GMT

 ((joori.roh.thomsonreuters.com@reuters.net))