U.S. oil futures settle higher, gain nearly 4% for the week

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Oil futures settled higher on Friday, with U.S. prices tallying a gain of 3.6% for the week as expectations for progress in U.S.-China trade negotiations eased worries about energy demand. The U.S. and China have reached a partial agreement Friday that may lead to a truce in the trade war, according to a report from Bloomberg News. November West Texas Intermediate oil rose $1.15, or 2.2%, to settle at $54.70 a barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since Sept. 27, 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.

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