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Oil prices head for second weekly fall on demand worries

September 11, 2020

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Oil futures were mixed Friday, and remained on track for a second consecutive weekly loss as worries over the outlook for demand continued to weigh.

West Texas Intermediate crude for October delivery CL.1, -0.51% CLV20, -0.51% rose 11 cents, or 0.3%, to $37.41 a barrel on the New York Mercantile Exchange, while November Brent BRN.1, -0.77% BRNX20, -0.77%, the global benchmark, fell 6 cents, or 0.2%, to $40 a barrel on ICE Futures Europe. Both benchmarks were on track for weekly declines of more than 6%.

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