Crude oil futures rose modestly to close out the trading week, but the tepid gain was not enough to stop prices from suffering a small monthly loss. As global crude supplies and economic uncertainty continue to weigh on the market, will oil prices continue to trade in the $40 range in August? September West Texas Intermediate (WTI) crude oil futures picked up $0.34, or 0.85%, to $40.26 per barrel at 18:55 GMT on Friday on the New York Mercantile Exchange. Crude prices recorded a weekly decline of just under 3%, as well as a drop of 0.25% in July. Year-to-date, oil is still down 34%. Brent, the international benchmark ... (full story)