Oil Higher On the Day, Flat for the Week
Tailwinds like a weaker U.S. dollar and CPI growth that was not higher than anticipated (a sign that U.S. inflation remains tame) both helped push crude prices higher Friday.
While WTI crude advanced more than 1 percent on Friday, Brent showed an even more forceful surge of over 2 percent.
On the NYMEX, April light, sweet crude futures finished up $1.95 to settle at $107.06.
For the week, April WTI was down $0.34 versus last Friday's settlement.
May futures for Brent crude were up $3.28 versus Thursday's close at $125.50 per barrel just prior to Friday's close.
Among refined products, April reformulated gasoline blendstock was up 2 percent on the day to $3.36 per gallon, rounded. Gasoline finished the week improving 0.7 percent versus last Friday's settlement.
Natural gas rebounded, trading up 2 percent on the day to $2.326 per MMBtu for the April contract. Friday's close was flat compared to week ago when natural gas settled at $2.324 per MMBtu.