Oil futures turned negative minutes before the close, but still held onto weekly gains amid hopes major oil producers will agree on a plan to reduce output and stabilize prices.
West Texas Intermediate crude futures fell 0.9%, to settle at $32.78 a barrel on the New York Mercantile Exchange (Nymex).
April contract had reached a peak above $34 a barrel earlier on the session but reversed gains ahead of Friday’s close. Still WTI closed the week with a gain of 3.4%.
(Market News Provided by FXstreet)
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