Oil prices settle lower as investors weigh reports of an OPEC+ output cut deal

Myra P. Saefong
Oil prices settle lower as investors weigh reports of an OPEC+ output cut deal

Oil futures finished with a loss on Thursday, giving up an earlier rally that had lifted U.S. prices by as much as 13%, as investors weighed reports of an OPEC+ output cut deal that some believe won’t be enough to offset losses in demand amid the COVID-19 pandemic’s hit to the economy.