Oil markets were volatile on Monday, with U.S. crude rising on production shutdowns while international Brent was pulled down by a flight into gold futures following a powerful North Korean nuclear test explosion, according to Reuters.
Oil prices slid on Wednesday but gasoline spiked to its highest since mid-2015 as flooding and storm damage in the wake of Hurricane Harvey knocked out almost a quarter of U.S. refineries, crimping demand for crude but raising fears of fuel shortages, according to Reuters.
A family of six trying to escape the floodwaters produced by Harvey has been counted among the 14 victims who died in the historic storm, authorities said, Fox News reported.