U.S. oil prices ended flat for Friday’s session, but gained roughly 5.1% for the week. They found support from stronger global demand expectations, an improvement in oil-producer compliance with output cuts, and a post-hurricane recovery in U.S. refining activity that’s likely to help draw down crude stockpiles. October West Texas Intermediate crude settled unchanged at $49.89 a barrel on the New York Mercantile Exchange.
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