Oil Ends Higher For The Session To Tally a Gain Of More Than 5% For The Week

By Myra P. SaefongMarketsMarketWatch Pulse

Oil prices climbed Friday to finish near a two-week high, buoyed by reports of a setback for Nigerian crude supplies and a recent forecast for higher oil demand this year. For the week, the price for U.S. benchmark oil rose roughly 5.2%. August West Texas Intermediate crude rose 46 cents, or 1%, to settle at $46.54 a barrel on the New York Mercantile Exchange for the session.

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