Oil Prices Surge Amid US Storm

Oil prices went up by 3% on Tuesday because a big winter storm in the U.S. made it hard to produce and export oil.

This storm stopped about 2 million barrels of oil from being made every day.

Also, a big oil field in Kazakhstan had a fire and power outage, which made it harder to get oil.

There are also worries about fights between countries in the Middle East, which can make oil prices go up.

A group called OPEC is meeting soon to talk about how much oil to make, which also affects prices.

All these things together made oil prices go up.

Because of this, companies like ONGC and Oil India saw their stock prices go up a lot, while other companies like Shadowfax and Asian Paints had different results based on their own news.