Oil futures settled higher on Friday to tally their biggest weekly gain of the year on growing concerns over the possibility of oil supply disruptions in Iraq. July crude CLN4 +0.23% rose 38 cents, or 0.4%, to settle at $106.91 a barrel on the New York Mercantile Exchange. Tracking the most-active contracts, prices rose 4.1% for the week. That was the largest weekly percentage gain since the week ended Dec. 6 of last year. The settlement was also the highest since Sept. 18, 2013.
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