Oil Prices Head Higher As Texas Grapples With An Arctic Blast ...Middle East

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Oil Prices Head Higher As Texas Grapples With An Arctic Blast
Crude and refined products futures on the New York Mercantile Exchange advanced on Tuesday, lifting West Texas Intermediate, Ultra-Low Sulfur Diesel (ULSD) and gasoline (RBOB) contacts to their highest price points since early January 2020 after record-setting cold weather in Texas shuttered the nation's largest refineries and shale oil fields, threatening to cut off fuel supplies from one of the world's largest energy hubs. Near 9.30 AM ET, NYMEX WTI for March delivery futures surged 54cts to trade just above $60 bbl, while the Brent April contract…

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