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Nov. 20, 2020, 2:47 p.m. EST

Oil futures end higher for the session and week

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By Myra P. Saefong

Oil futures rose on Friday, prompting U.S. prices to post a gain of 5% for the week. Promising developments on potential COVID-19 vaccines, which would help ease economic restrictions and the loss of energy that may go with it, have provided support for prices. On its expiration day, December West Texas Intermediate crude rose 41 cents, or 1%, to settle at $42.15 a barrel on the New York Mercantile Exchange. January WTI oil , which is the new front-month contract, settled at $42.42 a barrel, up 52 cents, or 1.2%.

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