Oil markets roiled as Hurricane Harvey hits US petroleum industry

Oil markets roiled as Hurricane Harvey hits US petroleum industry

· Gasoline hit two-year highs as refineries were closed because of Hurricane Harvey.

· Harvey is the most powerful hurricane to hit Texas in more than 50 years.

Published 11 Hours Ago  | Updated 24 Mins AgoReuters

Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling Houston and its port, and knocking out numerous refineries as well as some crude production.

U.S. gasoline prices hit two-year highs as massive floods caused by the storm forced refineries in the area to close. In turn, U.S. crude futures fell as...

https://www.cnbc.com/2017/08/27/us-gasoline-prices-jump-as-hurricane-harvey-knocks-out-texas-refineries.html