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            <h1 id="art-title-hurricane-harvey-damage-expected-to-be-widespread-20170826">Hurricane Harvey damage expected to be widespread</h1>
            <div class="row metahead"><time datetime="2017-08-26T16:08:44.2843403Z" class="since badge" itemprop="datePublished"></time> <i class="fa fa-clock-o fa-fw"></i> <time>Sat 26 Aug 2017 16:08:44 <span class="micro">GMT</span></time> <div class="pull-right"><small>Author:</small> <a href="/About#team" title="Learn more about our team">Forex Live</a> | <small>Category:</small> <a href="//www.forexlive.com" title="Realtime forex news and events, click to open the Forexlive traders News Reel."><i class='fa fa-newspaper-o fa-fw'></i> News</a></div></div>
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                        <h2>Flooding likely to be a bigger factor than wind</h2><p><img title="" class="cms-png img-responsive" src="//az705044.vo.msecnd.net/20170826/2017-08-26_12-04-38.png"></p><p>It's extremely rare for a Category 4 hurricane to make landfall in the United States or anywhere else. The latest one was Hurricane Katrina.</p><p>The NHC had predicted it would growth to Category 3 but it was even more powerful than expected. It made landfall twice, first hitting late Friday evening just northeast of Corpus Christi, Texas.</p><p>There are widespread reports of heavy damage near Rockport, Texas but it's only just beginning. The storm is slow moving and is expected to maintain tropical storm status for 3-4 days, bringing as much as 3 feet of&nbsp;rain to some places. One model </p><p>Massive parts of Texas and the gulf coast will be affected and shut down for at least a week. Hundreds of thousands are without power. This storm may rival Katrina as the most-damaging in history.</p><p>In terms of markets, more than 1 million barrels per day of refining capacity is already offline and the shipping terminals near Corpus Christi are shuttered.</p><p><br></p>

            
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