Sample bottle of crude oil are seen in this illustration photo June 1, 2017. Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending five weeks of losses with prices underpinned by a decline in U.S. output. U.S. crude futures CLc1 have added 5.1 percent this week, while benchmark Brent LCOc1 has gained 4.8 percent, marking the biggest rise for both markets since the week ending May 19. U.S. crude was trading up 0.6 percent, or 27 cents, at $45.20 a barrel at 0646 GMT on Friday, with Brent climbing 0.6 percent, or 30 cents, to $47.72 a barrel. “Oil prices received momentum from Wednesday’s U.S. data and the market rejected the lows that we saw. It has been a bullish week for the oil market,” said Michael McCarthy, chief market strategist at Sydney’s CMC Markets. “There are two key drivers. One is […]