(Bloomberg) — Oil flipped between small gains and losses as U.S. offshore producers assess damage from Hurricane Ida and as investors focus on an OPEC+ meeting that will likely lead to a further output revival.
Futures in New York earlier fell as much as 1.6% Monday. Gasoline futures spiked more than 4% earlier in the session before paring its advance. While Gulf of Mexico producers had shut in about 1.7 million barrels a day of crude output ahead of the storm, refineries in Louisiana may be…
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