Oil extends rally on Texas supply disruptions; crude gains 2.2%
Oil prices rose on Wednesday, underpinned by a major supply disruption in the southern United States this week where a winter storm hit Texas.
Benchmark Brent crude gained $1.37, or 2.2%, to $64.72 a barrel at 1237 GMT.
US West Texas Intermediate (WTI) crude rose $1.18, or 2%, to $61.23 a barrel.
Both contracts were at their highest level since January 2020.
