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US gasoline price sink by 4% as hurricane Harvey subsides

US West Texas Intermediate (WTI) crude futures were more stable, up 6 cents at $47.35 barrel

Reuters  |  London 

Benchmark US gasoline prices fell by more than 4 percent on Monday as oil refineries and pipelines in the US Gulf Coast slowly resumed activity after Hurricane Harvey subsided, easing concerns over supply shortages in the world's top oil consumer. Brent crude oil futures were, however, trading lower, down 40 cents at $52.35 a barrel by 0915 GMT, after a powerful North Korean nuclear test triggered a shift away from crude markets to assets perceived to be safer, such as gold. U.S. West Texas Intermediate (WTI) crude futures were more stable, up 6 cents at $47.35 barrel. NYMEX ...

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First Published: Mon, September 04 2017. 16:53 IST
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