Bullionguru’s, “Live News”- Crude dips, gasoline spikes as floods knock out one-fifth of U.S. refineries

 

 

 

 

 

 

 

 

 

 

 

Oil prices slid on Wednesday but gasoline spiked to their highest since July 2015 as flooding and storm damage in the wake of Hurricane Harvey has shut one-fifth of U.S. oil refineries, crimping demand for crude but raising fears of a fuel shortage.

U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $46.30 per barrel at 0359 GMT (11.59 p.m. ET), down 14 cents from their last close. Brent crude futures (LCOc1) were down 20cents, at $51.80 a barrel.

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