Oil futures clung to a narrow range last Tuesday as the market braced for an expected Arctic blast in the United States that could drive up heating oil prices, while traders fretted over potential supply disruptions in Saudi Arabia, Russia and Iraq, news agencies reported.
Light, sweet crude for February delivery was at USD 45.79 per barrel on the New York Mercantile Exchange. On London’s International Petroleum Exchange, February Brent crude was at USD 42.35 per barrel.
Colder weather, a chil...
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