Tokyo — Oil prices rose as much as a dollar on Thursday, extending this week’s gains and hitting 13-month highs, as a cold snap sweeping Texas and surrounding regions shut at least a fifth of US refining output and a million barrels of crude production.
Brent crude climbed 93 US cents, or 1.5%, to $65.27 a barrel by 2.19am GMT, touching its highest level since January 20 2020. US West Texas Intermediate (WTI) crude futures gained 76c, or 1.2%, to $61.90 a barrel, registering its highest level since January 8 2020...
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