Oil futures settled lower on Friday after data revealed a climb in the number of active U.S. oil rigs for the first time in five weeks.Prices, which held ground at their lowest settlement since February 2009, also marked a loss for the week on the back of a growing glut of U.S. supplies and worries over weaker energy demand in the face of a warmer winter.
January West Texas Intermediate crude CLF6, -1.14% fell 22 cents, or 0.6%, to settle at $34.73 a barrel on the New York Mercantile Exchange. Based on the contract’s settlement of $35.62 last Friday, prices were down about 2.5% for the week. The contract expires on Monday. February crude CLG6, -1.21% the most-active WTI futures contract, settled at $36.06.
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