Singapore — Oil prices held steady on Thursday, supported by rising demand from the US where Gulf Coast refineries are restarting in the wake of Hurricane Harvey. But three more hurricanes in the Caribbean and Atlantic were threatening more disruption. Despite the storms, high crude output including from oil cartel Opec meant there were ample supplies to meet demand. US West Texas Intermediate (WTI) crude futures were at $49.08 a barrel at 2.37am GMT, 8c below their last settlement, but not far off their highest in more than three weeks, reached in the previous session. Brent crude futures, the benchmark for oil prices outside the US, dipped 9c to $54.11 a barrel, although still not far from May highs reached the previous day. US Gulf Coast facilities were slowly recovering from the devastating effects of Harvey, which hammered Louisiana and Texas almost two weeks ago, shutting key infrastructure in the heart of the US oil and natural gas industry. As of Wednesday, about 3.8-million...
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