Oil Futures Settle At a Nearly 3-week High

By Markets MarketWatch Pulse

Oil futures settled at their highest level since July 22 on Thursday, just a day after marking their lowest finish in a week. Comments from Saudi Arabia's oil minister raised the possibility that major crude producers will take action to stabilize the market at a meeting next month. September WTI crude rose $1.78, or 4.3%, to settle at $43.49 a barrel on the New York Mercantile Exchange.

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