Fundamentals:

Oil ended slightly higher on Friday, with prices extending a streak of weekly gains, as major oil producers at an OPEC-led committee meeting boasted record compliance with their production-cut agreement, but, as expected, reached no decision to extend the agreement.

U.S. benchmark, November West Texas Intermediate crude US:CLV7 added 11 cents, or 0.2%, to settle at $50.66 a barrel on the New York Mercantile Exchange, with the contract settling at a roughly four-month high, according to FactSet data. For the week, the November contract gained 0.4%, while prices tracking the front-month contracts were up 1.5%. Oil also tallied third-straight weekly climb.
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CRUDE-OIL-WEEKLY

Source: http://www.fxters.com/crude-oil-technical-analysis-week-25-29-september/

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