Oil futures rose for a fifth straight session Friday, but market players warned that they expect prices to remain under pressure and that any rally is likely to be muted. Traders said the oil complex is drawing strength from seasonal patterns in gasoline and diesel. "This is the point where things play out seasonally," said Brian LaRose of United ICAP. He explained that gasoline typically peaks in the April-May area as traders buy contracts ahead of peak driving season, with a sag in prices through mid-summer.
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