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U.S. October West Texas Intermediate crude oil posted its
steepest monthly loss in more than a year on demand concerns after
hurricane damage and floods knocked out a quarter of U.S. refining
capacity. U.S. gasoline futures continued to soar, with prices
hitting a two-year high above $2 a gallon, boosted by fears of a
fuel shortage just days ahead of the Labor Day weekend that
typically brings a surge in driving while marking the end of the
U.S. driving season. In other news, the U.S. Energy Department said
it would release 500,000 barrels of crude…
steepest monthly loss in more than a year on demand concerns after
hurricane damage and floods knocked out a quarter of U.S. refining
capacity. U.S. gasoline futures continued to soar, with prices
hitting a two-year high above $2 a gallon, boosted by fears of a
fuel shortage just days ahead of the Labor Day weekend that
typically brings a surge in driving while marking the end of the
U.S. driving season. In other news, the U.S. Energy Department said
it would release 500,000 barrels of crude…
U.S. October West Texas Intermediate crude oil posted its
steepest monthly loss in more than a year on demand concerns after
hurricane damage and floods knocked out a quarter of U.S. refining
capacity. U.S. gasoline futures continued to soar, with prices
hitting a two-year high above $2 a gallon, boosted by fears of a
fuel shortage just days ahead of the Labor Day weekend that
typically brings a surge in driving while marking the end of the
U.S. driving season. In other news, the U.S. Energy Department said
it would release 500,000 barrels of crude…
steepest monthly loss in more than a year on demand concerns after
hurricane damage and floods knocked out a quarter of U.S. refining
capacity. U.S. gasoline futures continued to soar, with prices
hitting a two-year high above $2 a gallon, boosted by fears of a
fuel shortage just days ahead of the Labor Day weekend that
typically brings a surge in driving while marking the end of the
U.S. driving season. In other news, the U.S. Energy Department said
it would release 500,000 barrels of crude…