Friday saw another gain for crude oil prices—their fourth straight week of increases after the International Energy Agency warned the cuts by OPEC and other productions might worsen an oil supply deficit.
West Texas Intermediate crude gained 36 cents or 0.4% and closed at $82.52 a barrel on the New York Mercantile Exchange.
Brent crude, the global benchmark, rose 22 cents or 0.3% and finished at $86.31 a barrel on ICE Futures Europe.
More Oklahoma energy stocks recorded gains than losses and those that did scored modest increases. PHX Minerals rose 4% in the day’s trading.
