Oil futures ended higher Friday but booked a second straight weekly loss as the U.S. and other countries released crude from strategic reserves in response to worries over supply shortages following Russia’s invasion of Ukraine. West Texas Intermediate crude for May delivery rose $2.23, or 2.3%, to close at $98.26 a barrel on the New York Mercantile Exchange, for a 1.2% weekly decline.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.