Oil futures climbed Friday to their highest closing level in two weeks, continuing to find support after data released Wednesday showed a seventh-weekly decline in U.S. crude inventories. Price gains Friday, however, were limited as a fall in U.S. consumer sentiment dulled the outlook for demand. February crude CLG4 +0.14% rose 41 cents, or 0.4%, to settle at $94.37 a barrel on the New York Mercantile Exchange. That was the highest close for a most-active contract since Jan. 2, FactSet data show. For the week, prices climbed 1.8%.
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