Oil falls for second day as Texas has yet to restart oil production
The oil demand outlook has been weakened by freezing weather shutting down facilities in parts of the US
19 February 2021 - 14:42
London — Oil prices fell from recent highs for a second day on Friday as Texas energy firms began to prepare for restarting oil and gas fields shuttered by freezing weather.
Brent crude futures were down $1.16, or 1.8%, to $62.77 a barrel, by 11.50am GMT, while US West Texas Intermediate (WTI) crude futures fell $1.42, or 2.4%, to $59.10 a barrel...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.