Brent crude oil price soars

On March 9, 2022
By editor | 0 Comments

The ongoing Russia-Ukraine war has pushed the oil prices to multi-year highs. The price of Brent crude, for instance, rose to $118 per barrel on March 3.

As regards its impact, higher crude prices are the major headwinds for various sectors, including the paints industry as oil derivatives such as monomers and titanium dioxide are used as raw materials in paints. So, an impact of oil price rise may be seen in the paints sector, as raw material prices may go up.

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