Oil futures ended with small losses but well off session lows after tumbling to levels last seen in January after The Wall Street Journal reported that Saudi Arabia and other OPEC+ members were discussing a potential output boost for their December meeting. Crude quickly trimmed declines after Saudi Arabia’s energy minister denied the report. West Texas Intermediate crude for December delivery fell 35 cents, or 0.4%, to end at $79.73 a barrel on the New York Mercantile Exchange. January WTI , the most actively traded contract, lost 7 cents, or less than 0.1%, to close at $80.04 a barrel.
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.