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>> PETROLEUM Latest News

FEB 01, 2013 - MarketWatch

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Oil edges up, finishes the week 2% higher

SAN FRANCISCO (MarketWatch) -- Oil futures on Friday recouped much of the previous session's losses and finished the week 2% higher, as mostly upbeat U.S. economic data pointed to the likelihood of improved energy demand. March crude rose 28 cents, or 0.3%, to settle at $97.77 a barrel on the New York Mercantile Exchange. Looking ahead, the fate for West Texas Intermediate crude this year lies with the expanded shipping from Cushing, Okla., the Nymex trading hub, to the Gulf of Mexico, said Bob van der Valk, an independent petroleum industry analyst based in Terry, Mont.Market Pulse Stories ... Read More

Tags: Oil edges up, finishes the week 2% higher,  Petroleum Latest News