Page 44 - Gary Cunningham News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Crude slides with Texas oil wells restarting output Bloomberg Oil fell to the lowest in a week as output slowly resumed in Texas, while margins for processing gasoline surged as Gulf Coast refineries are seen taking weeks to restart operations after the deep freeze. West Texas Intermediate (WTI) for March delivery on Friday fell US$1.28 to US$59.24 a barrel, its biggest decline in US dollar terms since late December last year. Producers including Marathon Oil Corp are using restored power from grids or generators to resume output that was halted by the frigid weather this week in the Eagle F...

Crude Slides With Texas Oil Wells Seen Restarting Output Bloomberg 2/19/2021 Andres Guerra Luz (Bloomberg) -- Oil fell to the lowest in a week as output slowly resumed in Texas, while margins for processing gasoline surged as Gulf Coast refineries are seen taking weeks to restart operations after the deep freeze. Crude futures in New York plunged $1.28 on Friday, its biggest decline in dollar terms since late December. Producers including Marathon Oil Corp. are using restored power from grids or generators to resume output that was halted by the frigid weather this week in t...

Oil fell for a second day as wells slowly restarted in Texas and the White House said it would be willing to meet with Iran, potentially paving the way for more crude exports from the Persian Gulf nation.

Oil fell to the lowest in a week as output slowly resumed in Texas.

Oil held above $60 a barrel in New York while gasoline futures surged.