Oil futures weakened Friday as softer-than-expected U.S. economic data reduced expectations for demand in the world’s top oil-consuming nation. Light, sweet crude for March delivery settled down 5 cents, or 0.1%, at $100.30 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange rose 56 cents, or 0.5%, to settle at $109.08 a barrel. U.S. crude-oil prices still posted a gain of 0.4% for the week after rallying to more than $100 a barrel for the first time this year Monday. A new pipeline between Cushing, Okla., where the Nymex contract is priced, and Texas has helped ease a storage glut in Oklahoma, which boosted prices earlier in the week. U.S. manufacturing output fell 0.8% in January, pushing overall industrial production down a seasonally adjusted 0.3%, the Federal Reserve said Friday. Economists had expected industrial production to rise 0.3%, according to a Wall […]