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Texas cold blast boosts oil

Texas cold blast boosts oil Sharon Cho, Rob Verdonck and Alex Longley, Bloomberg Feb. 15, 2021 FacebookTwitterEmail Oil rallied to a 13-month high as cold weather in Texas disrupted flows from America’s largest shale patch, exposing the fragility of global supplies amid sharp cutbacks by OPEC and its allies. U.S. West Texas Intermediate futures surged as much as 2.5% and rose above $60 a barrel for the first time since January last year. Brent crude in London, meanwhile, rose above $63. Perm...
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