oil futures rallied on friday bouncing back from a day earlier when prices settled at their lowest since october prices however still suffered a loss for the week  their second in a row overall it has not been a pretty trading week for oil especially after industry data pointed to a larger than expected build in crude oil inventories last week said lukman otunuga manager market analysis at fxtm given how the fundamentals still point to tight market conditions the path of least resistance for oil remains north he said december wti oil clz21 rose 246 or 31 to settle at 8127 a barrel on the new york mercantile exchange prices for the frontmonth contract fell nearly 28 for the week according to factset data