SINGAPORE (Reuters) - 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.Gasoline prices hit two-year highs as massive floods caused by the storm forced refineries across the U.S. Gulf Coast to shut down.
In crude markets, Brent futures were pushed up by pipeline blockades in Libya, but U.S. crude futures eased as the U.S. refinery shutdowns could reduce demand for American crude.
Harvey came ashore over the weekend as the most powerful hurricane to hit Texas in more than 50 years, killing at least two people, causing large-scale flooding, and forcing the closure of Houston port as well as several refineries.