Oil sees slight recovery after hit from storm Harvey

Harvey battered into Texas on Friday as a Category Four hurricane, tearing down homes and businesses on the Gulf Coast, and triggering massive floods. The storm caused the closure of many oil platforms in the Gulf, and about a fifth of the region's oil output remained shut down, according to US authorities. With markets Monday fearing demand for crude could be hit, US benchmark West Texas Intermediate (WTI) sank $1.30, while Brent finished 52 cents lower. But in early afternoon trade in Asia Tuesday, WTI edged up 22 cents to $46.79 while Brent added 17 cents to $52.06.