Commodities

U.S. releases oil from strategic reserve in Harvey's wake

The U.S. Energy Department on Thursday released 1 million barrels of oil from the Strategic Petroleum Reserve and a White House adviser said more could flow after Tropical Storm Harvey inundated Gulf Coast refineries and drove up motor fuel prices.

Largest US refinery may be shut up to two weeks: sources

Motiva Enterprises' Port Arthur, Texas refinery, the nation's largest, may be shut as long as two weeks for assessment of the plant and repair of any damage, sources familiar with plant operations said on Thursday.

Largest US refinery may be shut up to two weeks: sources

Motiva Enterprises' Port Arthur, Texas refinery, the nation's largest, may be shut as long as two weeks for assessment of the plant and repair of any damage, sources familiar with plant operations said on Thursday.

Business Highlights

___ Harvey knocks out more refineries, shifting global oil flows DALLAS (AP) — With more refineries shutting down along the Gulf Coast, Hurricane Harvey will likely cause temporary shifts in the flow of oil and gasoline around the world.

Upbeat U.S. growth revision drives Wall Street higher

U.S. stocks rose on Wednesday after stronger-than-expected U.S. economic growth outweighed concerns about escalating tensions between the United States and North Korea and uncertainty in the aftermath of Hurricane Harvey.

Upbeat U.S. growth revision drives Wall Street higher

U.S. stocks rose on Wednesday after stronger-than-expected U.S. economic growth outweighed concerns about escalating tensions between the United States and North Korea and uncertainty in the aftermath of Hurricane Harvey.

Gasoline jumps, crude down; Harvey shuts 24% of U.S. refining

Gasoline futures surged on Wednesday to another two-year high and crude oil was down, as flooding and damage from Tropical Storm Harvey shut nearly a quarter of U.S. refinery capacity, curbing demand for crude while raising the risk of fuel shortages.

Business Highlights

___ Most Harvey flood victims on hook to pay for home repairs NEW YORK (AP) — Insurance experts say only a small percentage of homeowners in Harvey's path of destruction have flood insurance.