Shares of energy companies rose alongside oil futures on a volatile trading session after reassurances from Federal Reserve Chairman Jerome Powell.
In Texas, meanwhile, oilfields and refineries are still returning to full capacity. Snowstorms in Texas knocked about 40% of U.S. crude production off line last week, said Robbie Fraser, manager of global research and analytics at Schneider Electric.
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(END) Dow Jones Newswires
February 23, 2021 16:56 ET (21:56 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.