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The Economic Times

Business / The Economic Times

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Oil jumps over 1% on US storm disruption, Kazakh oilfield's slow restart

Oil prices jumped over 1% on Tuesday as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast, with the market also finding support from the slow restart of output from the Tengiz oilfield in Kazakhstan.

27 Jan 2026 8:12 pm