Oil futures settled higher Friday, with major oil producers set to meet this weekend with plans to shore up their recent decision to cut back output. For the week, however, prices lost about 0.4% as some doubts lingered that producers outside of the Organization of the Petroleum Exporting Countries will fully support the agreement. January West Texas Intermediate crude rose 66 cents, or 1.3%, to settle at $51.50 a barrel on the New York Mercantile Exchange.
Continue Reading Below
Copyright © 2016 MarketWatch, Inc.