Crude goes down as flooding from Harvey affects US crude industry

Crude goes down as flooding from Harvey affects US crude industry

On Friday, American crude futures declined in Asia trade, partly reversing steep revenues from the previous trading session, amid everlasting turmoil in the crude industry with almost a quarter of American refining capacity offline.

American West Texas Intermediate crude futures slumped 0.6% being worth $46.96 barrel. On Thursday, the contract rebounded 2.8%, though still heading for a weekly dip of 1.9%.

November delivery Brent contract sagged 0.2% reaching $52.78 barrel. As for the contract for October delivery that concluded on Thursday, showed a 2.99% soar trading at $52.38 a barrel.

American gasoline futures have ascended more than 28% reaching a two-year maximum above $2 a gallon, underpinned by concerns of a fuel shortage a couple of days ahead of the Labor Day weekend's ascend in driving in the USA.

Meanwhile, September delivery gasoline contract managed to settle up 13.5% being worth $2.1399 on the final day of trading of the contract. As for October delivery gasoline contract, it slumped 0.2% trading at $1.7750.

Similar

Gold moves down

On Friday, gold declined, simultaneously trying to preserve its weekly profits because the USD index jumped, offsetting its abrupt weekly dive…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera