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22.2.21 15:12_Crude Oil_LONG

Crude Oil Long. Oil prices are rising as US production affected by the storm shows only a limited return to normal. The slow return of oil production in the US under cold conditions serves as a reminder of the tense supply situation, at a time when demand is recovering from the effects of the COVID-19 pandemic. Analysts estimate that the unusually cold weather in Texas and the states of the Great Plains has phased out up to 4 million barrels a day, plus 21 billion cubic feet of natural gas.


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