Oil Futures Settle At a Two-week High

By Myra P. SaefongMarketsMarketWatch Pulse

Oil futures settled at their highest level in about two weeks on Monday, finding support from news that the Organization of the Petroleum Exporting Countries will hold an informal meeting next month to discuss ways to stabilize the oil market. September WTI crude climbed by $1.22, or 2.9%, to settle at $43.02 a barrel on the New York Mercantile Exchange. That's the highest settlement since July 25, according to FactSet data.

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