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Crude gains $0.13

Posted on: August 30, 2017

Harvey has threatened the Texas Gulf Coast with the closure of many refineries. According to Bloomberg it has resulted in a reduction of approx. one million bpd, disclosed last Friday. The API reported a 5.78 million barrel per day draw with the official report to be published by the EIA later today. Volatility remains high and the WTI gained $0.13 to settle at $46.44.

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