Stocks closed mildly higher this week, while crude oil continued its rise.

For the week, the

Dow Jones Industrial Average

added 0.3%, the

S&P 500

climbed 0.5%, and the

Nasdaq

lifted 0.8%.

Crude oil futures rose $2.46 a barrel Friday to close at $118.52.

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This article was written by a staff member of TheStreet.com.