WTI Oil Books Best One-day Gain Since August

Oil futures rocketed higher on Friday, stretching their rally to a second straight session and marking the best one-day jump since August, according to FactSet data. March West Texas Intermediate crude finished at $32.19 a barrel on the New York Mercantile Exchange. It rose $2.66, or 9%, for the session. For the week, it gained 9.4% based on Friday's closing level for the February contract, which expired Wednesday.