Oil prices end higher but notch fourth straight weekly loss

Oil futures finished higher on Friday, reversing most of a decline in the previous session that brought them to their lowest levels since July and pulled U.S. benchmark prices into bear-market territory.

Prices got a boost following a report from the Financial Times that said the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, may decide on additional production cuts when they meet on Nov. 26.

Price action

Market drivers

“Less-bearish…