Oil crept higher as the potential boost to demand caused by the global energy crunch countered the impact of the crisis on the wider economy. Futures in New York edged above $75 a barrel after dipping 0.8% over the past two sessions. The market is likely to be in a deficit of 1.5 million barrels a day over the next six months, according to Citigroup Inc., a figure that could grow even larger should soaring natural-gas prices spur a shift to petroleum fuels. A tighter market is offsetting economic concerns, stoked by a contraction in China’s factory activity in September. Crude is heading for a monthly gain, helped by supply disruptions in the Gulf of Mexico and robust demand. The global energy squeeze will likely feature in OPEC+ talks when the group meets Monday to discuss production policy, with banks including Goldman Sachs Group Inc. and Bank of America […]