Author of the article:
Reuters
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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