U.S. gasoline futures surged on Monday after Tropical Storm Harvey knocked out around 15% of the nation’s refinery capacity, with the extent of the damage still unclear. Harvey was the first hurricane to hit U.S. refineries since the country’s emergence as a growing producer and exporter of oil, so the impact is expected to be felt further afield than with previous tropical storms. Harvey struck the Texas coast as a Category 4...

Source: Wall Street Journal August 28, 2017 09:18 UTC