Oil futures on Friday scored a gain of more than 2% for the week and gasoline futures settled at their highest in a month with traders betting on stronger energy demand as the summer-driving season begins this weekend. July crude CLN4 +0.63% rose 61 cents, or 0.6%, for the session to settle at $104.35 a barrel on the New York Mercantile Exchange, the highest close for a most-active contract since April 21. June gasoline RBM4 +0.58% tacked on nearly 2 cents, or 0.6%, to end at $3.024 a gallon, its highest since April 25.
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