Wednesday, January 8, 2025
Oil prices close to 13-month highs, supported by Texas cold snap- oil and gas 360

Oil prices close to 13-month highs, supported by Texas cold snap

Reuters LONDON- Oil prices hovered near 13-month highs on Tuesday, supported by a U.S. cold snap that shut wells in the oil-producing state of Texas, though gains were capped by a Norwegian wage deal that averted supply disruptions in Europe. The global rollout of coronavirus vaccinations, fueling expectations of a recovery in the global economy and oil demand, has also