Oil futures settled lower Friday, but posted a gain of 1.8% for the week. Prices during the session had pared losses after Baker Hughes data showed a weekly decline in the number of active U.S. rigs drilling for oil. October crude fell 70 cents, or 1.5%, to settle at $46.05 a barrel on the New York Mercantile Exchange after tapping an intraday low of $45.71.
Copyright © 2015 MarketWatch, Inc.
Continue Reading Below