Oil futures are mixed on Thursday, with U.S. prices settling at their highest in nearly 22 months, but global benchmark Brent crude suffering its first loss in four sessions.
Oil prices mixed as Texas refineries reopen after deep freeze aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.
Oil hovers near 13-month highs as storm hits U S output kontan.co.id - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kontan.co.id Daily Mail and Mail on Sunday newspapers.
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NEW YORK (Reuters) - Oil prices were mixed on Thursday with U.S. crude edging up to its highest close since 2019 as Texas refineries restarted production after last week’s freeze, while Brent eased on worries that four months of gains will prompt producers to boost output.
FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adrees Latif
Earlier in the day, an assurance that U.S. interest rates will stay low and a sharp drop in U.S. crude output last week due to the winter storm in Texas, helped boost both U.S. crude and Brent to their highest intraday prices since January 2020.
Oil hovers near 13-month highs as storm hits U S output, Fed assures rates staying low financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.