The combination of growing demand and tight supply pushed up crude prices for a fifth straight week.
West Texas Intermediate on the New York Mercantile Exchange weathered Monday’s $ 1.68 drop to increase the remainder of the trading week, including a $ 1.74 jump on Wednesday. Prices rose 68 cents on Friday to close at $ 73.98, a gain of 2.8% for the week and the highest level since at least July. Listed prices closed the week at $ 70.46, according to Plains All American.
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