OIL PRICE: NEAR $67
BLOOMBERG - Oil headed for its biggest weekly gain in three weeks as simmering Middle East tensions, shrinking U.S. crude inventories and a storm in the Gulf of Mexico all conspired to threaten the supply outlook.
Futures rose 0.6% in New York Friday and are up more than 5% for the week. Tropical Storm Barry, which could hit the Louisiana coast on Saturday, has already curbed about half of the energy output in the Gulf. Iran's attempt to block the passage of a British tanker in the Persian Gulf ratcheted up tension in the oil-rich region, while…
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