Oil posts weekly gain ahead of OPEC+ meet

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    NEW YORK – Oil prices were mixed on Friday but posted a fourth straight week of gains ahead of an OPEC+ meeting this week.

    Brent crude January futures rose 38 cents to settle at $48.18 a barrel, while the more active February contract gained 46 cents to $48.25.

    US West Texas Intermediate (WTI) crude futures fell 18 cents to settle at $45.53 a barrel.

    Brent rose 7.2 percent over the week, while WTI gained 8 percent for the week.

    Encouraging news on potential COVID-19 vaccines from AstraZeneca and others have lifted the markets. However, questions have been raised over AstraZeneca’s “vaccine for the world,” with several scientists sounding caution over the trial results.