U.S. Oil Prices Climb On Texas Cold Snap, Brent Stable

today02/16/2021 3

Background
share close
AD

U.S. Oil Prices Climb On Texas Cold Snap, Brent Stable

Via Reuters:

Oil prices hovered near 13-month highs on Tuesday on the back of a cold snap shutting wells in Texas, the the biggest crude producing state in the United States, while a wage deal in Norway averted outages in Europe, capping gains.

Prices also gained after Yemen’s Iran-aligned Houthi group said it had launched attacks on Saudi Arabia, raising supply concerns in the world’s biggest oil exporter, while vaccine-driven optimism over a global economic recovery from the COVID-19 pandemic also supported.

U.S. West Texas Intermediate (WTI) crude futures gained 41 cents, or 0.7%, to $59.88 a barrel by 0836 GMT, after touching their highest since early January 2020. U.S. markets were closed on Monday because of a U.S. federal holiday.

Brent crude was down 7 cents, or 0.1%, at $63.23 a barrel after hitting its highest since January 2020 in the previous session.

Texas produces roughly 4.6 million barrels of oil per day and is home to 31 refineries, the most of any U.S. state, according to Energy Information Administration data, including some of the country’s largest.

In the Middle East, the Saudi-led coalition fighting the Houthis in Yemen said on Monday that it had intercepted and destroyed an explosive-laden drone fired by the Houthis toward the kingdom.

Read the rest of the article here

What Is The Crusade Channel?

The CRUSADE Channel, The Last LIVE! Radio Station Standing begins our LIVE programming with our all original CRUSADE Channel News hosted by Janet Huxley. Coupled with Mike “The King Dude” Church entertaining you during your morning drive and Rick Barrett giving you the news of the day and the narrative that will follow during your lunch break!

We’ve interviewed over 200 guests, seen Brother Andre Marie notch his 200th broadcast of Reconquest; the The Mike Church Show over 1200 episodes; launched an original LIVE! News Service; written and produced 4 Feature Length original dramas including The Last Confession of Sherlock Holmes and set sail on the coolest radio product ever, the 5 Minute Mysteries series! We are the ONLY outlet to cover the Impeachment of President Trump from gavel to gavel! 

Now that you have discovered The Crusade, get 30 days for FREE of our premium service just head to:

https://crusadechannel.com  OR download our FREE app: https://apps.appmachine.com/theveritasradionetworkappIti-       

Did you know about Texas? If you are interested in supporting small business, be sure to check out the official store of the Crusade Channel, the Founders Tradin Post! Not to mention our amazing collection of DVD’s, Cigars, T-Shirts, bumper stickers and other unique selection of items selected by Mike Church!

AD

Written by: LoneRhody

Post comments (0)

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

AD
AD
0%
0
Would love your thoughts, please comment.x
()
x