Global benchmark Brent was down nearly 3% on Wednesday, recovering slightly from a three-year low hit earlier in the session, after U.S. crude oil stockpiles posted a larger-than-expected build, adding a further headwind as investors worried about OPEC+ plans to increase output in April and U.

Brent crude slips below $70 per barrel, boosting OMC, aviation, and paint stocks. Lower input costs improve margins, with BPCL, HPCL, and Asian Paints among top gainers. Investors eye long-term impact.