Oil futures ended with heavy losses Friday, falling after the Organization of the Petroleum Exporting Countries agreed to keep pumping crude at current levels despite a global glut. Nymex West Texas Intermediate futures for January delivery fell $1.11, or 2.7%, to settle at $39.97 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.