WTI Crude Oil futures advanced for the fifth time in seven sessions, moving above the 200-day moving average for the first time since July 31, 2025. March WTI Crude Oil futures saw an intraday high of 62.58, representing a 3.22% increase. The rally was supported by a severe winter storm that disrupted energy operations across the U.S., temporarily sidelining approximately 2 million barrels per day of output. This disruption represents roughly 15% of total national production, leading to well closures and transport delays. Additionally, the U.S. dollar fell to its lowest level since February 23, 2022. Because crude oil is priced in dollars globally, the decline in the currency increased demand from foreign buyers and provided further support for futures prices during the session.