Oil prices settle higher, but lose more than 2% for the week

Oil prices rose Friday to recoup their losses from a day earlier, but still finished the week more than 2% lower on continued concerns that U.S. production will offset efforts by other crude producers to lower global supplies. July West Texas Intermediate crude added 28 cents, or 0.6%, to settle at $44.74 a barrel on the New York Mercantile Exchange. Prices lost about 2.4% for the week.

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From:: Stock Market News

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