Futures Movers: Oil trades mixed but recent rally sets crude up for strong 2018 gains

Oil heads higher for a fourth straight session on Friday, set to book strong weekly, monthly, quarterly and first-half 2018 gains as long-running efforts by OPEC, anticipated increases in demand and supply disruptions combined to thrust prices higher.

On the New York Mercantile Exchange, August West Texas Intermediate crude CLQ8, +0.98% the U.S. benchmark, tacked on 83 cents, or 1.1%, to $74.28 a barrel, ready to notch another finish at its highest since November 2014. The contract was set for a return of 8.3% for the week, 11% for the month, about 16% for the quarter and 25% for the first half of 2018, according to FactSet data.

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