Oil futures settle with a gain of 7.2% for the week
Oil futures settled higher Friday to score a 7.2% gain for the week. A report from the International Energy Agency suggested that a bottom may be in place for oil prices. April West Texas Intermediate crude rose 66 cents, or 1.7%, to settle at $38.50 a barrel on the New York Mercantile Exchange. That was the highest settlement since early December, according to FactSet data. The weekly gain was WTI's fourth in a row.
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