Oil flipped between gains and losses on Friday with the market weighing renewed appetite from U.S. Gulf Coast plants restarting after Hurricane Laura against a pandemic dimming the prospects for a recovery in global fuel demand. Laura was one of the most powerful hurricanes to ever hit Louisiana. Yet, futures in New York are headed for their fourth straight weekly gain as the storm mostly spared neighboring Texas, allowing the region’s facilities to begin the process of restarting. Exxon Mobil Corp. has begun restarting its Beaumont and Baytown refineries in Texas, and the U.S. Coast Guard has reopened Houston-Galveston ports to all marine traffic. Though, Citgo Petroleum Corp.’s refinery in Lake Charles, Louisiana, may be shut for up to six weeks. Despite the hiccup in production, U.S. gasoline stockpiles remain at their highest seasonally in decades. “Gasoline demand is still low, inventories are high” amid the pandemic, said Michael […]