Oil futures settled lower on Friday as a drop in the U.S. stock market and ongoing debt woes in Greece fed concerns about energy demand. Prices still saw a gain of 7.9% for the week as traders looked for more signs of a potential slowdown in U.S. production. May crude settled at $55.74 a barrel, down 97 cents, or 1.7%, for the New York Mercantile Exchange session.
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