OIL FUTURES: Crude Rises, But Held Ba... - Wall Street Journal

NEW YORK (Dow Jones)--Crude futures ended slightly higher Friday, with mixed signals about a recovery in the U.S. economy preventing a bigger extension of the previous day's gains.

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Light, sweet crude for October delivery settled 25 cents, or 0.3%, higher at $72.74 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled 28 cents, or 0.4%, higher at $72.79 a barrel. Analysts attributed Friday's slim gains to short covering, where traders buy futures to extract themselves from failed bets that oil prices would fall. On Thursday, futures bounced back shortly before settlement from a ...

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