Oil Prices Settle Lower as Traders Assess Impact of Winter Storm on Production

Oil slips even as US winter storm curbs crude output

Jan 27 : Oil prices fell on Tuesday even as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast.Brent crude futures fell 28 cents, or 0.4 per cent, to $65.31 a barrel at 0145 GMT. U.S. West Texas Intermediate crude was at $60.39 a barrel, down 24 cents, or 0.4 per cent.

Oil prices settle lower as traders assess impact of winter storm on production

Oil prices slip despite winter storm disruptions and Middle East tensions

Global oil prices edged lower on Tuesday, even as a severe winter storm disrupted crude production and refinery operations across the United States, underscoring the market’s focus on broader supply expectations and geopolitical developments. Brent crude futures declined by 28 cents, or 0.4 per cent, to trade at $65.31 per barrel by 0145 GMT. Meanwhile, U.S. West Texas Intermediate (WTI) crude fell 24 cents, also down 0.4 per cent, to $60.39 a b…

Global Oil Prices Record Slight Decline

Oil prices fell on Tuesday despite a severe winter storm that curtailed crude production and disrupted refinery operations along the U.S. Gulf Coast.

Oil slips even as US winter storm curbs crude output - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Oil prices fell on Tuesday even as a massive winter storm hit crude production and affected refineries on ​the US Gulf Coast. Brent crude futures fell 28 cents ‌or 0.4% to $65.31 a barrel at 0145 GMT. US West Texas Intermediate crude was at $60.39 a barrel, down 24 cents or 0.4%. In the US, oil producers lost up to 2 million barrels per ‌day or roughly 15% of national production over the ​weekend, analysts and traders estimated, as a winter stor…