Crude and Week

drilling rigs: They also remained concerned about signs of a uptick in U.S. crude output as the number of active domestic drilling rigs climbed in the latest week, according to Market Watch. August West Texas Intermediate crude CLQ6, +1.31% tacked on 27 cents, or 0.6%, to settle at $45.95 a barrel on the New York Mercantile Exchange, with futures prices gaining 1.2% for the week. There was a limit to oil gains, however, as traders also bet that the tragedy in Nice, France, might weigh on demand there. September Brent crude LCOU6, +1.52% on the ICE Futures exchange in London added 24 cents, or 0.5%, to $47.61 a barrel—roughly 1.8% higher for the week. Read:Truck plows into crowd, killing at least 84 in Nice, France But data from China, the world largest energy consumer, could ease concerns that Chinese demand is faltering, he said. France will go into lockdown mode as events surrounding the Bastille day holiday will be canceled, reducing travel and demand for oil, said Phil Flynn, senior market analyst at Price Futures Group. (news.financializer.com). As reported in the news.