Oil prices rise as U.S. winter storm cuts output; Brent, WTI steady on Kazakhstan supply return
Oil prices rose Tuesday as a U.S. winter storm shut in up to 2 million barrels per day of crude output, disrupting refineries. Brent settled at $65.82, up 23 cents; WTI at $60.92, up 29 cents. Gains were limited by Kazakhstan’s plans to restart output and the upcoming OPEC+ meeting on Feb. 1. Traders watched U.S. inventory data and Middle East tensions.