Oil: Brent futures dipped on Friday but held above $75 a barrel, remaining on track for weekly gains of more than 3% thanks to the slow recovery in output after two hurricanes in the Gulf of Mexico. Brent crude futures fell 27 cents, or 0.36%, to $75.40 a barrel. West Texas Intermediate (WTI) crude futures closed at $72.22 after settling unchanged in the previous session. Hurricane Ida is now officially the most devastating hurricane ever in terms of oil production disruption, and experts expect the outages to last throughout September. After 95% of US Gulf oil and gas production was shut in near the end of August as ... (full story)