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Energy prices climb again as deep freeze holds grip on the South

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People shop in Fiesta supermarket on February 16, 2021 in Houston, Texas. Winter storm Uri has brought historic cold weather, power outages and traffic accidents to Texas as storms have swept across 26 states with a mix of freezing temperatures and precipitation.

Go Nakamura | Getty Images

Energy prices continued to climb as an arctic blast kept the South in a deep freeze Wednesday and left up to 3 million people in the state without power.

West Texas Intermediate oil prices rose 2% in morning trade, while gasoline futures were up nearly 3% though natural gas edged lower as the crisis in Texas and multiple other states continued. Heating oil futures were also higher.

With “oil wells and…



Source cnbc.com

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