Crude oil futures settled jumped on Friday, with gains for the U.S. benchmark intensifying in the last few minutes of trading.
Prices found support from a 26th straight weekly decline in the number of U.S. rigs actively drilling for oil, offsetting earlier pressure from the Organization of the Petroleum Exporting Countries' decision to leave its production ceiling unchanged.
West Texas Intermediate for July added 2% to settle at US$59.13 a barrel on the New York Mercantile Exchange.
Based on the most-active contracts, prices suffered a loss of 1.9% for the week - their first weekly decline in 12 weeks.
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