Market participants were watching for implications from developments on U.S. tax policy, in addition to Tropical Storm Harvey’s impact on the global energy market. U.S. gasoline futures rose Monday. In commodities, U.S. gasoline futures surged in Asian trading as Tropical Storm Harvey forced the shutdown of almost 15% of U.S. refinery capacity. September gasoline futures on the New York Mercantile Exchange were last up 5.6% and the more active October contract rose 4%. Nymex crude oil futures were down 0.4%, while the global benchmark Brent gained 0.3%.

Source: Wall Street Journal August 28, 2017 03:00 UTC