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Reuters reported an increase in oil prices amid bad weather in the United States

Reuters: oil prices rise amid production disruptions due to bad weather in the United States
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Global oil prices rose amid production disruptions in key oil-producing regions of the United States. This was reported on January 26 by the Reuters news agency.

Brent crude futures rose to $66.3 per barrel, while West Texas Intermediate (WTI) crude futures rose to $61.49 per barrel.

Phillip Nova senior market analyst Priyanka Sachdeva said that the Fern snowstorm that hit the United States led to the suspension of oil production in the country's main oil producing regions.

Some analysts also note that traders are still assessing the geopolitical risks due to tensions between the United States and Iran.

Snowstorm Fern, which hit the United States, affected more than 200 million people and led to disruptions at airports across the country and the cancellation of several thousand flights. Abnormal frosts led to the deaths of at least seven people. Among the dead were one person in Texas and a 19-year-old college student whose body was found a day after his disappearance.

On January 24, the American authorities warned of heavy snowfalls and a sharp drop in temperature. US President Donald Trump said that emergency services have been put on high alert.

On the same day, 14 US states and the District of Columbia declared a state of emergency due to the impending extreme cold and heavy snowfall. It is noted that an emergency has been declared in a wide area from Texas to New York State in connection with a powerful storm that is expected to hit the country over the weekend. In some areas, a sharp drop in temperature is predicted well below zero, which can trigger rare natural phenomena, including the destruction of trees due to severe frosts.

Prior to that, on January 22, it was noted that more than 235 million people in more than 40 US states from Arizona to Maine are on the path of a large-scale winter storm, which is expected to cover over 2,000 miles.

All important news is on the Izvestia channel in the MAX messenger.

Переведено сервисом «Яндекс Переводчик»

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