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Oil Futures Rise 3% as Winter Storm Slams US Output
U.S. oil production dropped by up to 2 million barrels per day due to a winter storm, while Kazakhstan restores less than half its output, easing supply pressures.
Summary by CNBC
10 Articles
10 Articles
Oil prices rose by more than one dollar per barrel on Tuesday, while producers were affected by a winter storm that affected pumping and reduced exports from the U.S. Gulf coast of Mexico to zero over the weekend.At 16:31 GMT, Brent's futures amounted to $1.29, or 1.97%, to $66.88 per barrel, and West Texas Intermediate in the U.S. (WTI) amounted to $1.29, or 2.13%, to $61.92.
Oil Climbs as Winter Storm Hits Production and Refineries in the U.S. - Energy News, Top Headlines, Commentaries, Features & Events
(Reuters) – Oil prices edged up on Tuesday as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast, but the rise was curbed by a resumption in supply from Kazakhstan. Brent crude futures rose 23 cents, or 0.35%, at $65.82 a barrel as at 1017 GMT. U.S. West ...
Coverage Details
Total News Sources10
Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
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