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Oil Moves Slightly Lower as Beryl Pummels Texas

Oil Moves Slightly Lower as Beryl Pummels Texas

More than 1.8 million homes and businesses in Texas were left without power on Monday after Category 1 hurricane Beryl made landfall near Matagorda around 4 a.m. local time, leaving in its wake a trail of dangerous storm surges, floods and heavy winds. CenterPoint Energy (NYSE:CNP), a public utility that serves nearly 2.6 million customers, reported that more than 1.5 million were without power in its service area as of 09.51 am ET. After wreaking havoc in the Caribbean and Mexico’s Yucatan Peninsula, Beryl weakened to a tropical…

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