Oil mixed on US production fall, possible Saudi output rise
LONDON: Oil prices were mixed on Wednesday, underpinned by a major supply disruption in the southern United States this week where a winter storm hit Texas, but pressured by reports that Saudi Arabia plans to increase output in the coming months.
Benchmark Brent crude gained 13 cents, or 0.2%, to $63.48 a barrel at 1442 GMT, while US West Texas Intermediate (WTI) crude fell 18 cents, or 0.3%, to $59.87 a barrel.
