$WTI INSIGHTS →

wti · oxy · 6 min read · ♡ 238 · ▢ 27 · ↗ 0

Oil prices surged nearly 3% on Monday, driven by disruptions at two major oilfields. Norway's Johan Sverdrup, the country's largest oilfield, temporarily halted production due to a power outage, while cuts at Kazakhstan's Tengiz field added to mounting supply concerns, according to Ole Hvalbye, an analyst at SEB Research.

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