Investing.com
Crude oil prices edged lower Thursday, pulling back from the 13-month highs which followed last week’s winter storm that disrupted production in Texas, the biggest energy producing state in the U.S. By 9:45 AM ET (1445 GMT), U.S. crude futures traded 0.3% lower at $63.03 a barrel, while the international benchmark Brent contract fell 0.3% to $65.97. The unprecedented cold snap in Texas caused U.S. crude production to drop by more than 10%, or 1 million barrels per day last week, the Energy Information Administration said on Wednesday.