Oil slides as investors fear effect of extreme cold on US refineries
Brent crude futures drop as refinery outages fall on concerns refineries in US South will take time to revive operations
19 February 2021 - 07:22
Melbourne — Oil prices slid as much as 2% in early trade on Friday, adding to overnight declines on worries that refineries shut by a big freeze in the US South will take some time to revive operations and dent crude demand.
US West Texas Intermediate (WTI) crude futures fell $1.21, or 2%, to $59.31 a barrel at 1.57am GMT, after declining 1% on Thursday...
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