Oil Jumps over 1% on US Storm Disruption, Kazakh Oilfield's Slow Restart

Oil Climbs 1% on US Storm Disruption, Kazakh Oilfield's Slow Restart

Learn how a winter storm affected oil production, causing prices to rise for Brent crude and West Texas Intermediate.

Oil jumps over 1% on US storm disruption, Kazakh oilfield's slow restart

Oil prices ⁠jumped over 1% on Tuesday as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast, with the market also finding support from the slow restart of output from the Tengiz oilfield in Kazakhstan.

Oil climbs 1% on US storm disruption, Kazakh oilfield’s slow restart

(Investing) – HOUSTON – Oil prices rose by around 1% on Tuesday as producers reeled from a winter storm that hobbled crude production and affected refineries on the U.S. Gulf Coast over the weekend, with the slow restart of output from the Tengiz oilfield in Kazakhstan further boosting prices. Brent crude futures were up 61 cents or 0.93%, at $66.20 a barrel by 10:29 a.m. EDT (1529 GMT). U.S. West Texas Intermediate crude was up 59 cents or 0.97%

Oil falls despite US winter storm as investors eye Kazakhstan supply resumption

Oil falls despite US winter storm as investors eye Kazakhstan supply resumption

Oil jumps over 1% on US storm disruption, Kazakh oilfield’s slow restart

LONDON: Oil prices jumped over 1% on Tuesday as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast, with the market also finding support from the slow restart of output from the Tengiz oilfield in Kazakhstan. Brent crude futures were up 90 cents or 1.4%, at $66.49 a barrel by 1415 GMT. U.S. West Texas Intermediate crude was up 87 cents or 1.4%, at $61.50 a barrel. The U.S. faced a loss of production as a s…

Crude Oil Falls Back as Kazakhstan's Oil Disruptions Ease

March WTI crude oil (CLH26 ) today is down -0.42 (-0.69%), and March RBOB gasoline (RBH26 ) is down -0.0344 (-1.84%). Crude oil and gasoline prices are trading lower today, falling back after last Friday's rally. Crude oil prices are lower today due to long liquidation pressure and easing disruptions...