Published August 11, 2016 2:44pm EDT | Updated August 11, 2016 3:04pm EDT

Oil Futures Settle At a Nearly 3-week High

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.