Crude Falls As Flooding From Harvey Roils US Oil Industry

U.S. crude futures fell in early Asian trading on Friday, partly reversing sharp gains from the previous session, amid ongoing turmoil in the oil industry with nearly a quarter of U.S. refining capacity offline.

U.S. West Texas Intermediate (WTI) was down 27 cents, or 0.6 percent, at $46.96 barrel at 0145 GMT. The contract settled up 2.8 percent on Thursday.

The new Brent contract for November delivery was down 14 cents at $52.72 barrel. The contract for October delivery, which ended trading on Thursday, closed up $1.52, or 2.99 percent, at $52.38 a barrel. For More Information About Commodity Market Tips Please Visit : www.paceresearchindia.com and Call : 8817774774