Brent crude hovered at ~$66/bbl, easing cost pressures on autos, paints, FMCG, and OMCs. This supports margins and lowers inflation, though upstream oil revenues may decline.
Industries Impacted:
OMCs, Autos, Paints & Chemicals, FMCG
Positive Impact:
Lower costs, margin relief
Negative Impact:
Upstream revenue pressure
Market Sentiment (1–3M):
Positive
Reason:
Commodity deflation benefits downstream users
