Oil prices jump over 6% despite IEA move to release 400 million barrels of crude amid US-Iran war; Brent back above $90

Crude oil prices continued to boil in Wednesday’s evening session as traders showed little regard for the International Energy Agency’s decision on 11 March to release the largest volume of emergency oil reserves in its history in an effort to counter the supply disruption caused by the closure of the Strait of Hormuz. Brent crude…

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Berger Paints, Asian Paints and other paint stocks fall up to 5.5% as crude oil prices hit 14-month high

Paint stocks, including Berger Paints, Asian Paints, and Kansai Nerolac, were trading with deep losses in Monday’s session, March 2, reflecting broader market weakness as tensions in the Middle East escalated following unprecedented joint US and Israeli strikes on Iran over the weekend, triggering a sharp jump in crude oil prices. Rising crude oil prices…

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