Brent crude, meanwhile, followed WTI lower, but losses for the global benchmark were most modest, a day after prices settled at their highest level since mid-April.
Futures were little changed in NY, up 3.7% for the week.
Even as the oil industry continues to grapple with the fallout from Harvey, a much bigger Hurricane was lashing the Caribbean islands and heading for the United States.
Brent crude futures dropped 19 cents to $53.19 a barrel, while the US West Texas Intermediate (WTI) crude futures were trading 8 cents lower at $48.58, reportedReuters.
Traders said that the dip was a result of low refining activity following Hurricane Harvey, which hit the US Gulf coast two weeks ago and knocked out nearly a quarter of the country's huge refinery industry, cutting demand for crude oil, refining's lifeblood.
U.S. Gulf Coast facilities were slowly recovering from the devastating effects of Harvey, which hammered Louisiana and Texas nearly two weeks ago, shutting key infrastructure in the heart of the U.S. oil and natural gas industry.
High-speed passenger train derails in Indian capital As per reports, the accident happened near Delhi's Minto Bridge when engine and power vehicle of Ranchi Rajdhani Express derailed. Earlier this morning, Shaktikunj Express train derailed near Obra railway station close to Sonbhadra in Uttar Pradesh.
The EIA reported that refinery runs last week averaged 14.5 million barrels of crude, a decline from 17.7 million bpd the week before, when the authority also reported a 5.4-million-barrel draw in crude oil inventories.
He noted the big drop in refinery utilization "almost assures" crude stockpiles will continue to rise in coming weeks.
Harvey led US refineries to operate at just 79.7% of capacity during the week ending on 1 September, resulting in a 822,000 barrel per day fall in imports when compared to the prior week to reach 7.1m barrels, according to the Energy Information Administration, the US Department of Energy's statistical arm.
Focus was shifting to three other hurricanes that are now tearing through the Caribbean and Gulf of Mexico.
"The oil market was little changed, as the recovery from Hurricane Harvey stalled at the same time that Hurricane Irma threatened to disrupt the sector in Florida", ANZ bank said. On Irma's heels, Hurricane Jose is heading for the Caribbean Leeward islands, which have just been devastated by Irma, with wind speeds of 120 miles per hour.
Harvey's impact was also felt in oil production. Harvey has passed, but new storms in the Gulf of Mexico and Atlantic Ocean are threatening to dump more rain on the Gulf Coast.
The Red Cross was one of many organizations who sent volunteers from Nevada to deal with clean-up in Texas. It's the second hurricane-related mission for Lincoln-based Nebraska Task Force 1 in as many weeks.
Smart, however, made sure to point out that the game against Notre Dame will not fall exclusively on Fromm's shoulders. Fromm, a Quarterback from Warner Robins, Georgia, ranked as the 44th prospect in the 2017 class.
The first set of 2017 US Open quarter-finals sees Venus Williams face Petra Kvitova and Anastasija Sevastova vs Sloane Stephens . She needed surgery on her racket-holding hand after she was cut by an intruder at her home in the Czech Republic in December.
The 8.1 quake off the southern Pacific coast just before midnight Thursday toppled hundreds of buildings in several states. As of early Saturday morning, Katia was about 185 km west northwest of the Gulf Coast port of Veracruz, the NHC said.
About 1.25 lakh Rohingya refugees have crossed into Bangladesh in the last two weeks after a fresh surge of violence. Union minister Kiren Rijiju on Tuesday said Rohingyas are illegal immigrants and will be deported.
President Donald Trump has spoken with German Chancellor Angela Merkel to discuss the latest provocation by North Korea. THAAD is an acronym for Terminal High Altitude Area Defence, a US-designed anti-ballistic missile defence system.
The state of Thomas' hip during a physical was a holdup in completing the trade that sent Kyrie Irving to the Celtics . Thomas was bullish about the Cavs' potential this upcoming season. "We built that", he said.
Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Hewlett Packard Enterprise by 4.1% during the second quarter . Hewlett Packard Enterprise on Tuesday said that it plans to acquire consulting firm Cloud Technology Partners (CTP ).
Pyongyang imports almost all of its oil and gas from China, and without it, experts say the economy would quickly be strangled. It believes the system's radar could be used to look deeply into its territory and will upset the regional security balance.
The big one? That the new director of Episode IX will be a woman and/or someone from a minority background. A great Star Wars film finds the right balance of fun and excitement with meaningful, emotional moments.
McMaster orders evacuation of several barrier islands
Ryan Mosier, a spokesman for Duke Energy, said Duke, which also has customers in Florida, is focused on Irma. Officials are still refining plans to use buses to transport as many as 10,000 people away from the coast.
'Sweeping' House Bill Moves Self-driving Cars Forward
Senate, and the National Highway Traffic Safety Administration is reportedly announcing updated self-driving guidelines next week. Designers of self-driving cars have complained that the differing laws of each state have hindered the deployment of vehicles.
Oklahoma Sooners vs Ohio State Buckeyes
Murphy: The Buckeyes won this monster matchup a year ago thanks to their best deep-passing performance of the year. On the other side of the ball, Ohio State has a Heisman hopeful of its own in quarterback J.T.
Dustin Pedroia defends Red Sox stealing signs
The Sox have not been tracking Price's velocity, but "to the eye test, it's very close" to normal, Farrell said. The New York Times broke a bombshell yesterday, an hour before Manfred was set to address the media in Boston .
Kohli fires India to seven-wicket T20 win
The mindset stays the same, we need to play to win and have to ensure that complacency doesn't creep in". If that does not make him the greatest limited-overs batsman, the criteria must be absurd.
Honor 6 Play Has Now Been Launched: Check Specs and Features
A 3.5mm headphone jack is also a part of this package, and the Honor 6 Play measures 143.8 x 72 x 8.85mm, and weighs 150 grams. At the front, the device hosts an 8-megapixel front-facing shooter which you can use while video calling or capturing selfies.
There are now 3 hurricanes in the Atlantic basin
The National Hurricane Center forecasts Katia to move in a southwesterly direction and make landfall late on Friday, Sept. 8. Katia was 195 miles northeast of Veracruz, Mexico, and there's a hurricane warning in effect for Cabo Rojo to Laguna Verde.
Nissan shows new Leaf electric vehicle, boasts 400-km range
The Leaf falls short on range, however, with both rivals offering larger batteries so they can drive further between charges. Nissan is dedicated to improving the environment under the Nissan Green Program and has been recognized annually by the U.S.