Texas

Oil Markets Roiled as Hurricane Harvey hits U.S. Petroleum Industry

Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the U.S. Gulf coast over the weekend, knocking out numerous refineries and some crude production, Reuters reported.

Gasoline prices hit two-year highs as massive floods caused by the storm forced refineries across the U.S. Gulf Coast to shut down.

'Harvey' claims second fatality, threatens floods

A second person was killed on Aug. 26 as Hurricane Harvey, the most powerful storm to hit Texas in more than 50 years, roared inland, knocking out power to more than 200,000 people and threatening catastrophic flooding.

The second fatality was an elderly woman who was killed as she drove through flooded streets on Houston's west side on Aug. 26 night, a Houston police officer said.

Hurricane Harvey makes landfall as Texas braces for “catastrophic” rains, high winds

By the time Hurricane Harvey was downgraded to a Category 1 storm early Saturday, it had already delivered a 1-2 punch to the Gulf Coast of Texas, making landfall twice, with powerful wind gusts and the threat of catastrophic flooding.

It was still threatening to be the most powerful storm to hit the Lone Star State in more than a decade.

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