LONDON—Oil prices fell and gas futures continued to soar on Wednesday as Tropical Storm Harvey flooded the Texas Gulf Coast, crippling the region’s refining capacity and raising fears of fuel shortages. The New York Mercantile Exchange reformulated gasoline blendstock—the benchmark gasoline contract—closed trading Tuesday at a near two-year high. RBOB futures continued to rise, up nearly 2%, at $1.60 a gallon. ICE gasoil changed...
Source: Wall Street Journal August 30, 2017 09:56 UTC