Oil Futures Settle With a Gain, Barely Higher For The Week

By MarketsMarketWatch Pulse

Oil futures climbed Friday after the International Energy Agency lifted its forecast for global crude demand, but prices finished just 3 cents above the week-ago settlement. March West Texas Intermediate crude rose 86 cents, or 1.6%, to settle at $53.86 a barrel. That was the highest finish since Feb. 1, but prices barely gained from last Friday's settlement of $56.83, according to FactSet data.

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