Crude Oil Price Surge Rattles Market, Petroleum and Paint Stocks Drop

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Crude Oil Surge Rocks Market: Petroleum, Paint Shares Plunge Amid Middle East Tensions

मिडिल ईस्ट तनाव से महंगा हुआ तेल, पेट्रोलियम और पेंट शेयरों पर दबाव. (Image:AI)

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News18•09-03-2026, 23:02

Crude Oil Surge Rocks Market: Petroleum, Paint Shares Plunge Amid Middle East Tensions

•Crude oil prices surge due to increasing Middle East tensions, impacting the Indian stock market.
•Oil marketing companies face pressure; BPCL, HPCL, and IOC shares drop significantly.
•Brent crude jumps 14% to approximately $105.9 per barrel, fueling global supply fears.
•Paint companies' shares also fall as petrochemical-based raw material costs rise with oil prices.
•Asian Paints, Berger Paints, Shalimar Paints, Indigo Paints, and Kansai Nerolac Paints see declines.

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