(1/2)"In the coming weeks, we expect............>

OIL: (1/2)"In the coming weeks, we expect Hurricane Harvey's impact to make it

harder for OPEC to rebalance the market and maintain bullish sentiment," said

commodity strategists at Barclays in a note.

- "Disruptions to refineries, production and trade will also make the weekly EIA

data even noisier and less useful as a high frequency indicator at the very time

OPEC needs it most," they said.

- While production impacts may linger going forward, demand will likely slip

sharply in coming weeks "due to a lack of driving-related demand," the

strategists said.

- "Harvey will raise product prices nationwide, denting demand, especially in

September," they said.

- "Flooding and destruction in 2005 and 2008 cut demand by more than 1 mb/d

between August and September, twice as much as the m/m seasonal downtrend,"

Barclays reminded.