Oil up 3 percent on outages, equities rally; big week for U.S. crude

By Barani Krishnan NEW YORK (Reuters) - Oil rallied 3 percent on Friday, with U.S. crude futures headed for its largest weekly gain in seven years, after supply disruptions in Iraq and Nigeria and higher equity prices fueled by U.S. growth data. Pipeline outages in Iraq and Nigeria have removed more than 800,000 barrels of crude oil per day from the market for at least the next two weeks. U.S. stock prices hit their highest in nearly two months after an upward revision to the country's economic