Brent Crude Surges 6.63% Weekly

Crude oil August 22, 2026

Brent Crude
🔺 Brent crude closed at $94.39/bbl, gaining ~7% over the week from $88.52/bbl on 14th August.
🔺 Continued US–Iran tensions, supply concerns and restricted energy flows are keeping crude prices elevated.

Domestic PVC Price Revision
🔺 RIL has increased PVC prices by ₹1,500/MT, effective 22nd August 2026.

PolyMart Perspective

Higher crude prices and the PVC hike indicate continued upward cost pressure on polymer markets.
Prefer need-based buying and avoid heavy inventory stocking while closely watching crude, USD/INR and domestic polymer prices.

PolyMart — Procure with Purpose

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