Crude Oil August Futures Prices Up By Pts Closed At 3058

Crude Oil on 25th August 2017, Crude Oil August futures prices up by pts closed at 3058, trading range between 3041 – 3073. Crude oil for September delivery on the New York Mercantile Exchange settled at $47.87 a barrel.

Crude futures traded higher on Friday, even though doubts that Hurricane Harvey could upset refinery activity, reducing demand for crude oil.

According to BSEE – Around 112 platforms have been evacuated in the Gulf so far as a result of Harvey, about 15% of those in the region. Half of the drilling rigs in the Gulf have also been evacuated. Baker Hughes showed its weekly count of oil rigs operating in the U.S. fell for the second time in row, by four rigs to 759.

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