Oil climbed after a four-day loss as a strike in Kuwait cut output from OPEC’s fourth-biggest member, countering the bearish impact of failed production-freeze talks in Doha. Futures rose as much as 2 percent in New York. The labor stoppage in Kuwait that initially slashed daily output by as much as 1.7 million barrels entered a third day. Prices slipped 1.4 percent Monday after the world’s biggest producers failed to reach an agreement to limit supplies amid a global glut. The Doha talks collapsed on Sunday after Saudi Arabia insisted it wouldn’t restrain output without commitments from other major producers including Iran, which has ruled out freezing for now. That’s also raised concern that the Middle East producers may boost supply amid an intensifying battle for market share. Meanwhile, the “substantial impact” of Kuwaiti production cuts has added to other global disruptions, according to industry consultants FGE. “The decline […]