Oil Futures Settle With a Gain, Barely Higher For The Week

By Myra P. Saefong Markets MarketWatch Pulse

Oil futures climbed Friday after the International Energy Agency lifted its forecast for global crude demand, but prices finished just 3 cents above the week-ago settlement. March West Texas Intermediate crude rose 86 cents, or 1.6%, to settle at $53.86 a barrel. That was the highest finish since Feb. 1, but prices barely gained from last Friday's settlement of $56.83, according to FactSet data.

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