Published May 13, 2016 2:43pm EDT | Updated May 13, 2016 3:04pm EDT

Oil Futures Gain 3.5% For The Week

Oil futures fell on Friday but gained 3.5% for the week, buoyed by expectations that declines in global output and stronger demand for crude will help ease the world's glut of supplies. June WTI crude lost 49 cents, or 1.1%, to settle at $46.21 a barrel on the New York Mercantile Exchange. The weekly gain was WTI oil's fifth in six weeks.