U.S. oil pricesedged up for the session on Friday and gained for a third-straight week. Major oil producers at the OPEC-led committee meeting said compliance with their production-cut agreement climbed to a record 116% in August. November West Texas Intermediate crude rose 11 cents, or 0.2%, to settle at $50.66 a barrel on the New York Mercantile Exchange. For the week, the contract tacked on 0.4%, but prices based on the front-month contracts climbed 1.5%.
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