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Energy Up With Oil After Powell Testimony — Energy Roundup

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)

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