Crude oil futures ended higher on Tuesday after oil wells and refineries in Texas were shut down due to cold. Texas, the biggest crude producing state in the United States, produces roughly 4.6 million barrels of oil per day and is home to 31 refineries. Worries about supply due to rising tensions in the Middle East following a drone attack by Yemen’s Houthi group on Saudi Arabian airports also contributed to oil’s advance.
Crude oil futures for March gained $0.58 or 1 percent to settle at $60.05 barrel on the New York Mercantile Exchange. April Brent crude rose $0.17 or 0.27 percent to settle at $63.47 a barrel on London's Intercontinental Exchange.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: