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US oil up a 3rd week on Canadian supplies, equities

Published 07/15/2011, 02:44 PM
Updated 07/15/2011, 02:48 PM
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NEW YORK, July 15 (Reuters) - U.S. crude oil futures rose on Friday, lifted by lower oil supplies from Canada and higher U.S. equities, to post their third straight weekly gains.

On the New York Mercantile Exchange, crude for August delivery settled at $97.24 a barrel, gaining $1.55, or 1.62 percent, after hefty losses on Thursday..

For the week, front-month crude advanced $1.04, or 1.08 percent, from the $96.20 close on July 8. In three weeks, front-month NYMEX crude futures have gained $6.08, or 6.7 percent, their biggest percentage gain for three weeks since the week to April 8. (Reporting by Gene Ramos; Editing by David Gregorio)

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