Oil prices extended Thursday’s losses into Friday morning as power returned in most of Texas, and oil producers were preparing to begin restoring the output lost during the Texas Freeze. As of 9:25 a.m. ET on Friday, WTI Crude prices were down 0.78 percent at $60.01 and Brent Crude was trading down 0.50 percent at $63.58. Following a rally fueled by massive production shut-ins in Texas due to loss of power and frozen wellheads and equipment, oil prices turned lower on Thursday as the severe winter storms continued to move east. On Friday,…
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