Oil slips below $45/bbl on demand concerns but posts weekly rise - Reuters:
Oil prices fell nearly 2% on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of coronavirus cases.
The rise in infections remains the dominant issue for the fuel demand outlook. Cases in the United States are still rising in a number of states, while India recently reported a record daily jump in infections. More than 700,000 people have died in the worldwide pandemic.
Brent crude LCOc1 fell 69 cents, or 1.5%, to settle at $44.40 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 fell 73 cents, or 1.7%, to end at $41.22 a barrel.
Brent rose 2.5% for the week, while WTI gained 2.4%.
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