Oil prices are heading for their highest weekly increase since early June, following a drop in supplies caused by a storm in the Gulf of Mexico and a workers' strike in Norway.

The Norwegian oil company and unions have said they will meet with a state-appointed mediator in an attempt to end a strike.

In the Gulf of Mexico, Hurricane Delta reduced deliveries by 1.67 million barrels per day or 92% of the area's oil production.

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oil rig

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