Oil Markets Volatile In Wake Of Hurricane Harvey

Oil markets were volatile on Monday, with U.S. crude rising on production shutdowns while international Brent was pulled down by a flight into gold futures following a powerful North Korean nuclear test explosion.
Meanwhile, U.S. gasoline prices RBc1 slumped back from a spike after the release of emergency fuel stocks and on signs that the damage from Hurricane Harvey to the Gulf coast energy infrastructure was not as bad as initially feared. West Texas Intermediate (WTI) Clc1 crude futures were at $47.42 barrel at 0411 GMT, 13 cents above their last settlement. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774