Finance

Oil jumps as Texas freeze prompts US output drop

Brent, WTI at their highest levels since January 2020

Arctic blast: a winter storm that brought snow, ice, and plunging temperatures across Texas shut down roads and causing the electrical grid to shut down leaving thousands of people, oil wells and refineries without power
Arctic blast: a winter storm that brought snow, ice, and plunging temperatures across Texas shut down roads and causing the electrical grid to shut down leaving thousands of people, oil wells and refineries without powerPhoto: AP/SCANPIX
  • Reuters
Oil PriceTexasUSASaudi ArabiaOpec+
Published 17 February 2021, 22:44Updated 17 February 2021, 22:44