WATCH: Goldman Sachs’s Jeff Curie says the jury is still out on a new equilibrium for oil. Oil in New York posted its second weekly gain as the impact of Hurricane Ida continues to snarl U.S. oil production, though prices edged lower Friday following a weak U.S. jobs report. West Texas Intermediate futures capped a gain 0.8% for the week despite shedding 1% Friday. The deceleration in hiring reflects growing fears of the delta variant of Covid-19 and complicates a potential decision by the Federal Reserve to begin scaling back stimulus. Traders exiting positions ahead of the long weekend in the U.S. and Canada also exerted some downward pressure on prices Friday afternoon. “At this point, Ida storm has been quite supportive for oil due to the production disruptions. But as the region recovers and shuttered capacity slowly returns, Ida will be less and less of a supporting factor,” […]