Crude oil-sensitive stocks fall as brent surges over $81 per barrel; HPCL, IndiGo, Kansai Nerolac drop up to 6%

Oil prices surged to their highest level in over three months, fueled by concerns that U.S. sanctions on Russia could reduce its oil output. Goldman Sachs indicated that Brent prices could exceed $85 per barrel if Russian production continues to decline.