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MarketWatch MarketPulseSep 18, 2020
U.S. oil futures end with a modest gain for the session, but post a 10% rise for the week
U.S. oil futures settled with a modest gain on Friday, ending higher for the week after the Organization of the Petroleum Exporting Countries and its allies reiterated their commitment to output cuts. Prices for the U.S. benchmark, however, ended below the session's highs, briefly turning lower for the session afterAljazeera reported that Libyan commander Khalifa Haftar announced a conditional lifting of a months-long blockage of oilfields and ports by the Libyan National Army. That fed expectations for higher global crude supplies. October West Texas Intermediate oil rose 14 cents, or 0.3%, to settle at $41.11 a barrel on the New York Mercantile Exchange. Front-month prices rose 10.1%, marking the strongest weekly rise since the week ended June 5, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

MarketWatch MarketPulseSep 18, 2020
Unity Software's stock soars out of the gate, with first trade 44% above IPO price
Shares of Unity Sofware Inc. charged higher out of the gate Friday, as the first trade was 44% above the initial public offering price. The San Francisco-based videogames software company's IPO priced late Thursday at $52 share, above the expected range of $44 to $48 a share, which was raised recently from $34 to $42 a share. The stock's first trade on the NYSE was at $75.00 at 11:55 a.m. Eastern for 3.4 million shares. The company sold 25 million shares in the IPO to raise $1.3 billion. The company was valued at $13.7 billion at the IPO price. The stock has pared some gains since it opened, to trade up 42.6%. Unity's public debut caps a busy week for IPOs, which was highlighted by Snowflake Inc.'s red-hot debut earlier this week. The Renaissance IPO ETF has rallied 20.0% over the past three months, while the S&P 500 has gained 7.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

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