Oil Futures' Gain Erases Loss For The Week

MarketWatch Pulse

Oil futures climbed on Friday, erasing their losses for the week, as traders mulled the outlook for crude supplies and demand following another fall in U.S. oil-rig counts and an upbeat monthly jobs report. June crude settled at $59.39 a barrel on the New York Mercantile Exchange, up 45 cents, or 0.8%. Prices rose 0.4% for the week.

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