Post Tagged with: "freezing weather"

Source: World Oil

Freezing weather hampers crude oil flow in northern U.S., Canada

World Oil


(Bloomberg) –A deep-freeze in Canada and Northern U.S. is disrupting oil flows, causing a surge in crude prices just as American stockpiles are declining.

With temperatures from North Dakota to Northern Alberta below zero Fahrenheit (-18 Celsius), TC …

January 6, 2022 - 10:30 am Canada, Canada News, Crude Oil News, Energy News
Source: Reuters

Column: Funds bought U.S. crude ahead of big freeze – John Kemp

Reuters


LONDON – Hedge funds purchased more petroleum last week, but buying was almost entirely concentrated in WTI, which suggests it was driven by the prospect of freezing weather temporarily hitting U.S. oil production.

Hedge funds and other money managers …