Oil prices jumped Friday after seesawing between small losses and gains earlier in the session. Analysts and traders on Twitter struggled to find a fundamental reason, with some attributing the move to technical trading that saw U.S. prices rise above $62 intraday for the first time since Monday. The market awaits weekly data from Baker Hughes on the number of active U.S. rigs drilling for oil due out at 10 a.m. Eastern time, which will offer a hint on future crude production. April West Texas Intermediate crude was up $1.18, or 1.9%, to trade at $62.37 a barrel on the New York Mercantile Exchange, set for a weekly rise of 0.5%.
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