Oil claws out a weekly get, but outlook remains bearish

April 11, 2015 8:54 PM

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A drop in drilling activity and rise in tensions with Iran sent oil rates up Friday, as U.S. benchmark crude closed the week above $50 per barrel for the very first time due to the fact February.U.S. drillers idled 42 oil rigs this week, according to the...

A drop in drilling activity and rise in tensions with Iran sent oil rates up Friday, as U.S. benchmark crude closed the week above $50 per barrel for the very first time due to the fact February.

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