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Oil logs 9% weekly rise — biggest since late 2016; refinery fire jolts gasoline futures

Myra P. Saefong
Oil logs 9% weekly rise — biggest since late 2016; refinery fire jolts gasoline futures

Oil futures gain on Friday, with U.S. prices tallying a rise of almost 9% for the week and highest settlement this month, while gasoline futures rally in the wake of a fire at a 150-year-old refinery complex in Philadelphia.