Oil Markets Rally on US Production Cuts and Iran Military Tensions

TLDR Brent crude rose to $66.11 and WTI reached $61.26 on Monday following 2% gains from Friday’s session Winter storm Fern shut down 250,000 barrels per day of US oil production in Texas and Oklahoma Trump deployed US naval forces toward Iran, increasing fears of Middle East supply disruptions Kazakhstan’s Caspian Pipeline Consortium restored full [...]

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