Oil futures settled modestly lower on Friday after media surveys showed a monthly rise in production from the Organization of the Petroleum Exporting Countries. Expectations for continued declines in U.S. output, however, helped prices score a gain of roughly 19.8% for the month, based on the most-active contracts, according to FactSet. June WTI crude fell 11 cents, or 0.2%, to settle at $45.92 a barrel on the New York Mercantile Exchange Friday.
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