Oil Futures Gain 1.8% For The Week

By Myra P. SaefongMarketWatch Pulse

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.

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