Author of the article:



Bozorgmehr Sharafedin

Publishing date:

Feb 17, 2021 1 hour ago 2 minute read

LONDON– Oil rates advanced further on Wednesday, underpinned by major supply disturbance in the south of the United States this week caused by a winter storm in Texas.

” The effect on crude oil costs will mainly depend on how long the power crisis will last, but ultimately rates will likely return to the principles with a focus on the global energy demand and OPEC ,” said Margaret Yang, a strategist at Singapore-based DailyFX.

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