Oil futuresfell Friday to tally a weekly decline of 9.5%–their largest such loss since mid-January–with many traders not expecting the Organization of the Petroleum Exporting Countries to successfully reach a pact later this month to curb output. December WTI crude fell 59 cents, or 1.3%, to settle at $44.07 a barrel on the New York Mercantile Exchange. That marked the lowest settlement since Sept. 20, according to FactSet data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News