Oil prices notched the longest stretch of weekly losses since March with U.S. President Joe Biden keeping investors guessing about whether he’ll act to tame higher energy prices that are driving a surge in inflation. Futures in New York fell 1% on Friday, yet pared some losses near the end of the session after White House Press Secretary Jen Psaki declined to say whether Biden plans to release oil from the Strategic Petroleum Reserve. She said the administration has been pushing oil-producing countries to pump more crude and seeking to ensure there isn’t price gouging at the pump.