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Oil set for weekly loss on uncertainty around Fed rate cuts, China demand fears

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Oil prices fell on Friday as investors weighed signsdemand in top crude importer China continues to underperform amid the country’s uneveneconomic recovery and expectations of fewer Federal Reserve rate cuts. Brent crude futures LCOc1 dropped $0.95, or 1.31%, to$71.62 a barrel by 0825 GMT. U.S. West Texas Intermediate crude futures CLc1 were down $0.9,or 1.3%,at ...

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