Oil prices rallied Friday to score a gain for the week, as the potential for a meeting between the U.S. president and North Korea’s leader helped to ease some geopolitical risk in the market. Data revealing the first weekly decline in seven weeks in the number of active U.S. oil rigs also contributed to the rise in prices. April WTI crude added $1.92, or 3.2%, to settle at $62.04 a barrel on the New York Mercantile Exchange. It rose roughly 1.3% for the week.
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