ZCZC
BCN-03
COMMODITIES-ECONOMY-OIL-PRICES
WTI crude breaks $60 a barrel on oil supply worries
HONG KONG, Feb 15, 2021 (BSS/AFP) – US oil prices rallied past $60 a
barrel on Monday for the first time in more than a year, fuelled by concerns
about supplies as Texas is hit by a severe cold snap that traders warn could
slash output.
West Texas Intermediate surged 2.19 percent to $60.77 in Asian trade, its
highest since January last year before the oil market collapsed as the
coronavirus pandemic battered demand.
BSS/AFP/MSY/102 hrs