Oil futures settle higher, contributing to a gain for the week
Oil futures settled a bit higher on Friday, shaking off earlier declines, as traders placed their bets ahead of a meeting Monday of the Organization of the Petroleum Exporting Countries and their allies. The group, known as OPEC+, are expected to make a decision on crude production levels, with most analysts saying producers are most likely to continue with their gradual increases in output, but a stronger boost in production remains a possibility. West Texas Intermediate crude for November delivery
CLX21,
rose 85 cents, or 1.1%, to settle at $75.88 a barrel on the New York Mercantile Exchange. Prices, based on the front-month contracts, gained 2.6% for the week, according to FactSet data.
