Oil futures score weekly gain of nearly 8%

Crude-oil futures settled with a loss on Friday as a drop in the U.S. stock market and ongoing debt woes in Greece fed concerns about energy demand, but after posting gains over the past six sessions, prices registered a gain of nearly 8% for the week.

May crude CLK5, -1.01%  settled at $55.74 a barrel, down 97 cents, or 1.7%, on the New York Mercantile Exchange. For the week, prices gained roughly 7.9% after settling on Thursday at their highest level this year. The May contracts will expire on Tuesday.

June Brent crude LCOM5, -0.39%  on London’s ICE Futures exchange fell 53 cents, or 0.8%, to $63.45 a barrel. For the week, prices based on the front-month contract were up around 7.6%.

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