U.S. Crude Notches a 2.4% Weekly Gain

Markets Reuters

U.S. crude futures dipped in thin, choppy trading on Friday, feeling pressure after data showed that fuel stockpiles rose sharply and crude stocks fell less than expected last week while awaiting fresh U.S. budget talks that might avert looming tax hikes and spending cuts.

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U.S February crude slipped 7 cents, or 0.08 percent, to settle at $90.80 a barrel, having traded from $90.32 to $91.49.

For the week, U.S. crude rose $2.14, or 2.4 percent.