Oil Settles With a Weekly Gain Of 2.1%

MarketWatch Pulse

Oil futures climbed on Friday to settle with a weekly gain of 2.1% as another weekly drop in U.S. rig counts from Baker Hughes continued to feed expectations that supply declines will soon follow. March crude rose $1.57, or 3.1%, to settle at $52.78 a barrel on the New York Mercantile Exchange.

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