# Oil hits pandemic high as winter storm pushes demand and poses production risk

> Oil reached its highest level since the pandemic began as a winter storm cut US fuel production and raised heating and power demand. WTI rose above $60 a barrel, and Brent climbed to a 13-month high. Analysts warned that freezing water could disrupt equipment at Texas wells.

- Date: 2021-02-15 · published 2021-02-15T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/48835-oil-hits-pandemic-high-as-winter-storm-pushes-demand-and-poses-production-risk
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Supply disruption from freezing wells tightens crude and raises fuel and energy costs for feed production and transport. The rally adds upward pressure on input costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-09-12 | [Oil rises 2% as storm batters US Gulf of Mexico production](https://feedsoft.ai/events/10166-oil-rises-2-as-storm-batters-us-gulf-of-mexico-production.md) | +5.3% | +8.4% |
| WTI | 2022-12-23 | [Storm cuts U.S. oil, gas, power output, sending prices higher](https://feedsoft.ai/events/38414-storm-cuts-u-s-oil-gas-power-output-sending-prices-higher.md) | +3.3% | +3.0% |
| WTI | 2025-01-09 | [Oil settles up 1% as cold weather in US, Europe drives winter fuel demand \| Reuters](https://feedsoft.ai/events/10347-oil-settles-up-1-as-cold-weather-in-us-europe-drives-winter-fuel-demand-reuters.md) | +9.1% | -4.0% |
| WTI | 2026-01-16 | [Oil prices rise as supply risk remain in focus](https://feedsoft.ai/events/11394-oil-prices-rise-as-supply-risk-remain-in-focus.md) | +2.8% | +6.5% |
| WTI | 2024-12-30 | [Oil rises on diesel demand boost in sparse holiday trade \| Reuters](https://feedsoft.ai/events/27157-oil-rises-on-diesel-demand-boost-in-sparse-holiday-trade-reuters.md) | +4.2% | +4.2% |
| BRENT | 2024-09-12 | [Oil rises 2% as storm batters US Gulf of Mexico production](https://feedsoft.ai/events/10166-oil-rises-2-as-storm-batters-us-gulf-of-mexico-production.md) | +5.1% | +9.0% |
| BRENT | 2025-01-09 | [Oil settles up 1% as cold weather in US, Europe drives winter fuel demand \| Reuters](https://feedsoft.ai/events/10347-oil-settles-up-1-as-cold-weather-in-us-europe-drives-winter-fuel-demand-reuters.md) | +7.8% | -2.7% |
| BRENT | 2026-01-16 | [Oil prices rise as supply risk remain in focus](https://feedsoft.ai/events/11394-oil-prices-rise-as-supply-risk-remain-in-focus.md) | -0.3% | +5.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2021/02/15/oil-hits-pandemic-high-as-winter-storm-pushes-demand-and-poses-production-risk.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.