Oil is poised for the biggest weekly gain since June with Hurricane Delta forcing the shutdown of almost 92% of crude output in the Gulf of Mexico. Delta regained strength to become a major hurricane and is forecast to slam into the already battered Louisiana coast later on Friday. While that has helped drive crude futures in New York 10% higher this week, they slipped on Friday as Norwegian oil workers were set for mediation talks to avoid a strike that threatens 1 million barrels a day of oil and gas output. U.S. crude set for weekly surge on hurricane impact Oil is back above $40 a barrel, with most of the gains coming earlier in the week after President Donald Trump left hospital following his treatment for Covid-19. Initial optimism over a U.S. stimulus package also boosted prices, but there’s doubt about a deal. Further upside, however, may […]