Oil settled modestly higher on Friday to end little changed for the week. Prices found some support from data showing a third weekly decline in the number of active U.S. oil rigs. November West Texas Intermediate crude
which expired at the settlement, rose 18 cents, or 0.4%, to finish at $51.47 a barrel on the New York Mercantile Exchange. The contract ended about 2 cents higher for the week. December WTI crude
the new front-month contract, added 33 cents, or 0.6%, at $51.84.
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Oil’s modest recovery leaves U.S. prices nearly flat for the week