COMMODITIES

Operations in production units at Pemex’s Deer Park refinery in Texas were reported to have been halted as the strong winter storm Elliott hit the 312,500 barrel-per-day (bpd) Houston-area refinery.

Oil prices surged on Friday, driven by the possibility of a decline in Russian crude supply, which offset concerns over downward pressure on US transport fuel demand growth as a

Oil prices lost about $1 per barrel on Thursday as the recent draw in US inventories due to a winter storm in the country was offset by concerns over the

Oil prices gained over $2 per barrel on Wednesday after a larger-than-expected drop in US crude inventory, although increases were limited by the potential for a major winter storm that