Friday, August 21, 2026
Oil extends losses as Texas prepares to ramp up output- oil and gas 360

Oil extends losses as Texas prepares to ramp up output

Reuters LONDON – Oil prices fell from recent highs for a second day on Friday as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather. Brent crude futures were down 16 cents, or 0.3%, at $63.77 a barrel by 1452 GMT and U.S. West Texas Intermediate (WTI) crude futures fell 38 cents, or 0.6%,