Oil is poised for a weekly gain as U.S. crude output continues to drop before a meeting between suppliers to discuss freezing production. Futures climbed as much as 3.8 percent in New York after U.S. output slid for the 10th time in 11 weeks through April 1 as crude stockpiles fell, according to data from the Energy Information Administration on Wednesday. Baker Hughes Inc. will publish its latest U.S. oil rig count data later on Friday. Major producers from Saudi Arabia to Russia will meet in Doha on April 17 to discuss freezing output in a bid to stabilize prices. The oil price is “positioning itself for some agreement on a production freeze,” Jens Pedersen, an analyst at Danske Bank A/S said by e-mail. “The market could be positioning itself for another drop in the U.S. rig count later day.” Crude slid to a 12-year low this year before […]