Oil prices rise 3% as winter storm slams US output

Oil prices edged up on Tuesday as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast.

Brent crude surges past $70 for first time since September on geopolitical risks

The March Brent crude oil contract on the Intercontinental Exchange hit a more than four-month high of $70.35 per barrel on Thursday. It was trading close to $69 per barrel at the time of writing. Meanwhile, the price of West Texas Intermediate crude oil topped $65 per barrel for the first time since September.

Crude Oil Price Analysis – Crude Oil Continues to Rally on Thursday

Crude oil markets continue to see buyers, as we are trying to price in geopolitical concerns, with a strike against Iran being possible. Because of this, the supply and demand situation is being ignored at the moment.
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OPEC+ Poised to Maintain Oil Output in March as Brent Breaks $70

The OPEC+ group is expected to maintain its oil production policy unchanged this weekend and affirm a pause in output hikes in March even as Brent Crude prices hit $70 per barrel this week for the fir

Oil prices hover around four-month high, buoyed by weak dollar and outages

By Shadia Nasralla LONDON, Jan 28 (Reuters) - Oil prices hit their highest since late September on Wednesday after a winter storm disrupted U.S. crude output while a weak U.S. dollar and continued Kazakh outages lent further support.