Texas freeze drives ASX energy rally

OIL prices have bumped up again thanks to sluggish US output on the back severe inclement weather in Texas and were at 13-month high overnight Monday. 

Texas freeze drives ASX energy rally Texas freeze drives ASX energy rally Texas freeze drives ASX energy rally Texas freeze drives ASX energy rally Texas freeze drives ASX energy rally
The deep freeze has seen oil production shut in, with 2 million barrels per day yet to return to market. The freeze knocked out some 4MMbopd of capacity last week.