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 PerspectiveHigher 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 PurposeDisclaimer:PolyMart does not offer guarantees regarding the accuracy, reliability, or completeness of the information provided on its platform. Users are advised to independently verify any data before relying on it for decision-making purposes.