Connect with us

Business

Oil prices jump by more than a dollar as US output slow to return after winter storms – Fox Business

Oil prices jumped by more than $1 on Tuesday, as U.S. output was slow to return after a deep freeze in Texas shut in crude production last week.

Published

on

Article feature image
ADVERTISEMENT

SINGAPORE – Oil prices jumped by more than $1 on Tuesday, as U.S. output was slow to return after a deep freeze in Texas shut in crude production last week.
Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as frozen pipes and power supply interruptions slow their recovery, sources said.
Brent crude was up $1.06, or 1.6%, at $65.30 a barrel by 0204 GMT, after…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Biden’s Antitrust Team Signals a Big Swing at Corporate Titans – The New York Times
Article feature image
Video Shows Disruptive Unmasked Passenger Who Caused Delay in NY-to-Miami Flight – Newsweek
Article feature image
Black woman’s first-time car buying experience turns sour with ‘racist’ dealership Facebook post – WABC-TV