Texas cold snap sees oil prices continue to rally

Disruptions to US oil output boosts prices, already supported by hopes of fresh US economic stimulus and Covid-19 vaccine rollouts

Cold snap: harsh weather across Texas is impacting US oil production, with some output to be potentially affected for weeks — Cold snap: harsh weather across Texas is impacting US oil production, with some output to be potentially affected for weeksPhoto: AP/SCANPIX

Reuters

Texas USA American Petroleum Institute Energy Information Administration Opec

Published 18 February 2021, 06:28Updated 18 February 2021, 06:28