Crude futures settled higher after a volatile session Friday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX November WTI settled up 46 cents at $70.78/b and ICE November Brent finished 10 cents higher at $78.80/b. Brent and WTI both opened US trading sharply higher, but then briefly swung well into negative territory before recovering in the afternoon. Friday’s price volatility is indicative of uncertainty ahead of a highly anticipated meeting between OPEC and its partners in the Algiers on Sunday. The group, which agreed to raise production by 1 million b/d in June, will discuss the future of production quotas as the exact allocation of the increase remains unclear. Despite pledges earlier this year to increase production, this week Bloomberg reported that Saudi Arabia may allow crude prices to rise above $80/b as the market adjusts to the start of US […]