Oil Rebounds But Ends Week Lower As OPEC Cuts Disappoint

Oil prices rebounded to rise more than 1 percent on Friday, but Brent crude ended the week nearly 3 percent lower after an OPEC-led decision to extend production curbs did not go as far as many investors had hoped. Trading was light after Thursday's heavy sell-off and ahead of the long weekend break in the United States and Britain. Brent futures settled up 69 cents to $52.15 a barrel, or 1.3 percent, after hitting a session low of $50.71. U.S. West Texas Intermediate (WTI) crude futures settled at $49.80 a barrel, gaining 90 cents or 1.8 percent, after hitting an intra-day low at $48.18.

Get Commodity Market Tips for click here http://www.ripplesadvisory.com/services.php.