Shan Ahmed Khan

Shan Ahmed Khan is a senior markets reporter at TS2.tech, specializing in stocks, technology and macroeconomic trends. A graduate of the Lahore University of Management Sciences (LUMS), he previously worked in investment research and market analysis. His coverage helps readers understand the key developments influencing global financial markets and emerging industries.

Brent crude price ticks up as U.S. winter storm hits output, traders eye next supply test

Brent crude price ticks up as U.S. winter storm hits output, traders eye next supply test

Brent crude futures edged higher Tuesday after a U.S. winter storm disrupted crude production and unsettled some Gulf Coast refineries, though potential supply from Kazakhstan capped the rally. “The cold weather in the U.S. will likely cause quite significant drawdowns in oil stocks over the next few weeks,” said Tamas Varga, oil analyst at PVM. Meanwhile, ANZ’s Daniel Hynes noted that “supply risks haven’t totally evaporated.” By 1017 GMT, Brent had gained 23 cents, or 0.35%, to $65.82 a barrel, while U.S. West Texas Intermediate added 29 cents to $60.92.
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AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 STRONG BUY

Xylem

NYSE: XYL 94 / 100
#2 STRONG BUY

AerCap

NYSE: AER 92 / 100
#3 BUY ON WEAKNESS

Visa

NYSE: V 90 / 100
#4 BUY

Chevron

NYSE: CVX 86 / 100
#5 ACCUMULATE

UPS

NYSE: UPS 84 / 100
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Editorial model selection. Not personalised advice.