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Oil holds near US$60 in New York as power crisis hits U.S. supply

Oil holds near US$60 in New York as power crisis hits U.S. supply
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Oil Holds as Power Crisis Hits US Supply

Oil held gains in New York after rising above $60 a barrel for the first time in a year. ....

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Oil Holds Near $60 in New York as Power Crisis Hits U.S. Supply

Oil Holds Gains With U.S. Energy Crisis Roiling Output, Refining
Bloomberg
2/16/2021
Andres Guerra Luz
(Bloomberg) Oil held above $60 a barrel in New York while gasoline futures surged as a deepening energy crisis in the U.S. crippled the petroleum industry.
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U.S. benchmark crude rose from Friday’s close as the market assessed the impact the country’s cold blast will ultimately have on the supply and demand balance. While the extreme temperatures have curtailed more than 2 million barrels a day of U.S. oil production, demand from refineries is also being crimped, with over 3 million barrels a day of processing capacity idled, according to Energy Aspects Ltd. ....

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Oil holds near $60 amid power crisis

Oil holds near $60 amid power crisis
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