The statement that best describes the effect of narration on the story is: The narration suggests Ahab’s singular hatred of Moby Dick.
This excerpt highlights Ahab's intense and all-consuming obsession with Moby Dick, viewing the whale not just as a creature, but as the embodiment of all that torments him. His hatred is deeply connected to his sense of injury and the metaphysical battle he perceives between himself and the whale, which he sees as personifying all that is evil and maddening in his life.