Oil prices rose to 13-month high on Thursday as the cold weather in Texas and surrounding areas shut about one-fifth of US refining output.

 

Texas oil producers and refiners remained closed for a fifth day on Wednesday, Feb. 17, 2021.

 

International benchmark Brent crude was trading up 1.2% at $65.14 per barrel, at 9.05 am Makkah time, crossing the $65-mark for the first time since January 2020.

 

WTI crude rose 1% to $61.73 a barrel.

 

Both benchmarks have gained more than 6% since their close last Thursday.

 

Meanwhile, US crude oil stocks fell by 5.8 million barrels in the week to Feb. 12, American Petroleum Institute data showed.

 

US Energy Information Administration (EIA) oil inventory data will be released later today.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request