That has raised concerns about demand, as storms tend to cut down on driving, particularly as many cars have been destroyed.Both U.S. product futures ended lower - gasoline dropped 0.7 percent and heating oil fell 1.4 percent.Harvey is still likely to be a bigger driver for the crude market, analysts at Goldman Sachs said. A quarter of U.S. refining capacity to be taken off-line due to the hurricane, sapping demand. Refining runs on the U.S. Gulf Coast hit a record low in the week to Sept. 1, just after the storm, due to shutdowns. "While some are concerned about the demand side [from Irma] I don't think it's that big a situation," said James Williams, president of energy consultant WTRG Economics, noting that Harvey had more of an impact on crude, "The demand for crude is going to be set by the refineries coming back online. "Many U.S. Gulf Coast refineries were restarting, including the largest U.S. refinery.

Source: The Star September 11, 2017 21:00 UTC