[OIL IMPACT] Gas, oil stocks fall on oil price drop

[THE INVESTOR] Gas and oil-related shares recorded an average drop of 1.87 percent on Aug. 3, weighed down by international crude prices reaching a four-month low.

The drop was led by SK Innovation, whose shares fell 2.74 percent to close at 142,000 won (US$127).

Of the KOSPI-traded companies working in oil and gas related fields, preferred GS stock was the only one to close higher, rising 0.31 percent to 32,600 won.

Ordinary shares of GS, however, slid 0.32 percent to close at 47,250 won. 
GS runs subsidiaries and affiliates including GS Energy and GS Caltex.

By Choi He-suk (cheesuk@heraldcorp.com)