U.S. oil futures post a weekly gain of more than 8%

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Oil futures declined Friday, but U.S. prices tallied a weekly gain of more than 8% on the back of expectations for lower energy demand and a climb in weekly U.S. crude supplies. Prices had climbed sharply early on in the week on news of a potential COVID-19 vaccine, but gave up some of their gains on Thursday and Friday after U.S. government data showed an unexpected weekly climb in domestic crude inventories. December West Texas Intermediate crude fell 99 cents, or 2.4%, to settle at $40.13 a barrel on the New York Mercantile Exchange. Prices rose nearly 8.1% for the week, FactSet data show.
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