Oil Futures Mark Highest Settlement In Over a Month

By Markets MarketWatch Pulse

Oil futures climbed for a second session in a row on Thursday, finding continued support in the wake of the Organization of the Petroleum Exporting Countries' preliminary agreement to scale back production. November West Texas Intermediate crude rose 78 cents, or 1.7%, to settle at $47.83 a barrel on the New York Mercantile Exchange. Prices, which rallied by 5.3% on Wednesday following news of the OPEC deal, marked their highest settlement in more than a month.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.