Oil Scores 10th Straight Weekly Gain By a Thread

Oil futures fell on Friday as the global glut of supplies continued to worry traders. Prices were barely higher for the week, but they still saw a 10th straight week of gains, based on the most-active contracts. July crude fell $1, or 1.7%, to settle at $59.72 a barrel on the New York Mercantile Exchange. A week ago, the June contract, which was the most-active contract at the time, settled at $59.69.