


| Oil Pares Weekly Gain in Wake of Sluggish Global Economies |
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(Bloomberg) -- Oil slipped as signs of stumbling recoveries in major economies from Europe to Asia threaten to delay a demand rebound. Futures in New York fell 1.1% on Friday, narrowing a weekly gain to just under 1%. Europe’s economy unexpectedly lost momentum this month, with the region battling to control a new spike in coronavirus cases.
Posted: 2020-08-21 22:03:00
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