Oil erases gains as US output is frozen by icy weather
Brent crude was down 3c and WTCI 4c after both rose earlier to 13-month highs
18 February 2021 - 13:44
London — Oil prices erased early gains after Brent hit a new 13-month high above $65 a barrel on Thursday, as concerns that a rare cold snap in Texas could disrupt US crude output for days or even weeks prompted fresh buying.
Brent crude was down 3c at $64.31 a barrel at 10.46am GMT, after rising to $65.52 earlier in the session, its highest since January 20 2020...
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