Oil Futures Settle With a Gain Of 7.2% For The Week

By Myra P. SaefongMarketWatch Pulse

Oil futures settled higher Friday to score a 7.2% gain for the week. A report from the International Energy Agency suggested that a bottom may be in place for oil prices. April West Texas Intermediate crude rose 66 cents, or 1.7%, to settle at $38.50 a barrel on the New York Mercantile Exchange. That was the highest settlement since early December, according to FactSet data. The weekly gain was WTI's fourth in a row.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below