By Christopher Sell

(Bloomberg) —

Oil rose, paring a sixth weekly loss, amid growing confidence that OPEC and its partners will reduce production to avert a glut next year;

Pierre Andurand, one of the oil market’s most prominent hedge fund managers, suffered his biggest loss last month amid a bloodbath for global crude prices; Heavy Canadian crude fell to a record low.

To contact the reporter on this story:
Christopher Sell in London at csell1@bloomberg.net

To contact the editors responsible for this story:
James Herron at jherron9@bloomberg.net
Helen Robertson, Brian Wingfield