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Sunday, 10 December 2017

Oil rises nearly 2% on China demand but weekly losses loom

Oil rises nearly 2% on China demand but weekly losses loom

10 December 2017, New York — Oil prices rose almost 2 percent on Friday, helped by rising Chinese crude demand and threats of a strike in Africa’s largest oil exporter. But U.S. prices fell 1.7 percent on the week and Brent prices fell 0.5 percent amid concerns that rising U.S. production could undermine OPEC-led supply …

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