Cold weather in China boosts oil prices

2021-10-19

West Texas Intermediate and Brent crude futures edged higher in early Tuesday trading to $82.79 per barrel and $84.57 per barrel, respectively, amid renewed concerns that China won't be able to meet heating demand needs as temperatures start to drop. "Tightness in energy markets meant supply side issues remain prevalent and commodities prices remain supported," said a Singapore-based energy derivatives trader.

Full story:

API SmartBrief

News for the oil and natural gas industry

API SmartBrief is a FREE, daily email newsletter covering the oil and natural gas industry. It provides the latest news and information you need to stay informed about important issues impacting your business.