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The storm — which weakened from its previous hurricane force — had spurred a sizable shut-in of production in the Gulf of Mexico. In broader markets, equities rallied as the dollar declined, a boost for commodities including crude.Crude remains 16% lower this quarter on concerns about a dimming demand outlook in top importer China. The International Energy Agency said that global consumption growth in the first half was the lowest since the pandemic as China’s economy cooled, according to its monthly report this week.Chinese demand contracted in July for a fourth straight month, and fuel use elsewhere is “tepid at best,” the IEA report said","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/kveuCzGLpBWwW3CHCs.kiw--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/c4f82019b51ad632943acaa701fb69af","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/kveuCzGLpBWwW3CHCs.kiw--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/c4f82019b51ad632943acaa701fb69af"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/oil-set-first-weekly-gain-232812392.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["CBAPM.AU","SHEL","BK4201","CBAPI.AU","CBAPG.AU","E","CBAPL.AU","CBAPK.AU","CBAPJ.AU","CBA.AU","CBAPH.AU"],"gpt_icon":0}],"pageSize":16,"totalPage":2,"pageCount":2,"totalSize":17}]}}