- February 25th, 2021
Oil hovers near 13-month highs as storm hits U.S. output, Fed assures rates staying low
Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months, underpinned by an assurance that U.S. interest rates will stay low, and a sharp drop in U.S. crude output last week due to the storm in Texas.
