Oil Futures Suffer Largest Weekly Loss In More Than a Month

By Myra P. Saefong Markets MarketWatch Pulse

Oil futures fell Friday to tally loss of about 3% for the week--the largest such loss since early November, according to FactSet data. Doubts surrounding oil-producer compliance with a production cut agreement lingered despite some signs of cutbacks. February West Texas Intermediate crude fell 64 cents, or 1.2%, to settle at $52.37 a barrel.

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