Oil Market Update

Crude-oil futures rallied Friday as a drop in the U.S. dollar and another decline in U.S. rig counts helped prices score their first weekly gain in five weeks.

Traders also positioned themselves before the expiration of the April futures contracts.

On the New York Mercantile Exchange, April CLJ5, +4.34% which expired at the close Friday, settled at $45.72 a barrel, up $1.76, or 4%. Crude for May CLK5, +2.02%  delivery, which became the front month, tacked on $1.04, or 2.3%, to $46.57 a barrel.