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Oil prices set for big weekly loss amid trade gloom, rising output

Nov 03, 2019 12:15 IST

Oil prices steadied on Friday after a rough week that has seen prices squeezed about 4% lower by a combination of rising global supply and uncertain future demand. Worries over global economic growth, along with oil demand, continued to haunt the market as leaders from the United States and China struggle to end a 16-month dispute that has tripped up trade between the world's top two economies.

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