Crude prices slid after oil workers in Norway called off a strike that had shut down about 8% of the country’s production. Futures in London and New York both fell over 1% on Friday. The settlement will restore production at six fields already shut down by the dispute and prevent an escalation to another six. It also averts the shutdown of Norway’s largest oil field, the 460,000 barrel-a-day Johan Sverdrup facility. Still, Brent futures posted the largest weekly gain since early June and U.S. benchmark crude futures also advanced this week on supply disruptions from Hurricane Delta and optimism on a U.S. stimulus deal. “If the strike lasted into next week or even beyond, that would mean a significant additional amount of platforms and fields […]