Oil Futures Gain More Than 5% For The Week

By Myra P. SaefongMarketsMarketWatch Pulse

Oil futures settled modestly higher Friday to finish the week with a gain of roughly 5.3%, buoyed by expectations that members of the Organization of the Petroleum Exporting Countries will reach a final agreement later this month to curb crude output. December West Texas Intermediate crude rose 27 cents, or 0.6%, to settle at $45.69 a barrel on the New York Mercantile Exchange after spending the session seesawing between losses and gains. The weekly climb was the first in four weeks.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below