[COMMODITY CYCLES]

Brent crude > $90 — OMC margin pressure, paint/aviation hit

OMC cos, Reliance, ONGC and paint manufacturers — winners and losers when Brent spikes above $90

▲ Stocks that benefit2 cos

▼ Stocks under pressure4 cos

Historical examples

2026-04-19Iran fires on Hormuz tanker, Brent spikes to $96
2026-04-24INR breaches 84.5 amid oil shock + FII outflow

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