U.S. oil futures end higher after back-to-back session declines

U.S. oil futures end higher after back-to-back session declines
·1 min read

Oil futures settled higher on Friday, with U.S. prices recouping much of the losses they suffered on the back of recession concerns over the last two trading sessions. Prices, however, still posted a decline for the week, the second weekly decline in a row. West Texas Intermediate crude for August delivery rose $3.35, or 3.2%, to settle at $107.62 a barrel on the New York Mercantile Exchange. Prices based on the front month edged down by 0.3% for the week after settling Thursday at the lowest th