* U.S. crude stocks rose, fuel stocks dip -API
* Norway strikes buoy markets
* Hurricane brews in Gulf of Mexico
(Adds U.S. oil stocks data from industry group API)
By Laila Kearney
NEW YORK, Oct 6 (Reuters) - Oil prices rose more than 2% on
Tuesday, supported by expected supply disruptions from a
hurricane approaching the Gulf of Mexico and an oil worker
strike in Norway.
The market slipped in post-settlement trading, however,
after U.S. President Donald Trump said he was instructing his
administration not to negotiate a stimulus package until after
the Nov. 3 election.
Brent crude futures LCOc1 settled at $42.65 a barrel, up
$1.36 a barrel, or 3.29%. U.S. West Texas Intermediate (WTI)
crude CLc1 settled at $40.67 a barrel, rising $1.45, or 3.7%.
In post-close trading, however, Brent fell to $42.19 while U.S.
crude dropped to $40.13 a barrel.
Oil prices eased further after the close following American
Petroleum Institute data that showed U.S. crude stocks climbed
951,000 barrels last week compared with analysts' expectations
in a Reuters poll for a build of 294,000 barrels. API/S
Trump returned to the White House following three days in
the hospital for treatment for COVID-19. U.S. House Speaker
Nancy Pelosi and U.S. Treasury Secretary Steven Mnuchin had been
in negotiations for an additional $1.5 trillion to $2 trillion
in economic stimulus before Trump's tweet. "It looked like something was going to materialize, and now
it has been blown up so everything is selling off," said John
Kilduff, partner at Again Capital LLC in New York.
"The petroleum complex needed that stimulus to help stoke
demand once again, and we're obviously not getting it."
Energy companies shut offshore oil platforms as Hurricane
Delta strengthened to a Category 2 and was on track to reach the
Gulf of Mexico on Thursday. It would be the 10th named storm to
hit the United States this year, which would break a record
dating back more a century.
Royal Dutch Shell Plc RDSa.L said it was evacuating
nonessential workers from all nine of its offshore Gulf of
Mexico operations and preparing to shut production. Equinor ASA
EQNR.OL and BHP Group Ltd BHP.AX also shut in production and
evacuated workers.
Norway's petroleum output is down 8% due to an oil worker
strike. A major labor union in the country is trying to resolve
the dispute with oil companies, which have shut six offshore oil
and gas fields.