U.S. Markets close in 32 mins

Oil pulls back, but U.S. prices tally a third straight weekly gain

Myra P. Saefong
Oil pulls back, but U.S. prices tally a third straight weekly gain

Oil futures decline on Friday, pressured by concerns about global energy demand, but U.S. prices managed to tally a gain for the week, their third in a row, as OPEC output cuts and U.S. sanctions on Venezuela and Iran look to further tighten supplies.