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Nov. 15, 2019, 2:45 p.m. EST

Oil futures settle higher to tally a 0.8% gain for the week

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    Baker Hughes Co. (BKR)

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By Myra P. Saefong

BKR

Oil futures rose on Friday to notch a gain of 0.8% for the week, with optimism surrounding a potential phase one of a U.S.-China trade deal offering support for prices, even as some signs point to a more ample supply outlook. Weekly data from Baker Hughes /zigman2/quotes/205323712/composite BKR +0.65% , meanwhile, revealed a fourth straight decline in the number of active U.S. oil drilling rigs, implying a slowdown in production activity. December West Texas Intermediate oil rose 95 cents, or 1.7%, to settle at $57.72 a barrel on the New York Mercantile Exchange.

Read the full story:
Oil moves up on trade deal optimism to settle higher for the week

/zigman2/quotes/205323712/composite
US : U.S.: NYSE
$ 22.29
+0.15 +0.65%
Volume: 921,331
Dec. 6, 2019 10:53a
P/E Ratio
52.46
Dividend Yield
3.23%
Market Cap
$14.39 billion
Rev. per Employee
$346,621
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