Oil ends modestly higher, above $96 a barrel - MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures ended a see-saw Friday higher, holding on to modest gains as U.S. equities lost steam and a rising dollar kept the pressure on.

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Futures traded in and out of the red as stocks also fluctuated. Oil futures had spent most of the Asian and European trading hours in the red, with Italy tapping international bond markets only to see yields on its short-term bonds nearly double. A faltering macroeconomic outlook has hung over oil prices, even as some fundamentals of the oil and commodity markets remain somewhat robust.

Oil ends modestly higher, above $96 a barrel - MarketWatch