Oil Ends Higher After Rig-count Data, But Falls For The Week

Oil futures settled higher on Friday on the back of a hefty weekly decline in the number of active U.S. rigs drilling for oil. Prices, however, finished the week with a loss of roughly 0.4% as traders fretted over the prospects for energy demand. November crude settled at $45.54 a barrel on the New York Mercantile Exchange, up 80 cents, or 1.8%, for the session after tapping lows under $44 in the wake of a disappointing U.S. jobs report.

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