Oil holds near US$44, heads for weekly drop on demand concerns


LONDON: Oil held around $44 a barrel on Friday and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the COVID-19 pandemic.

A U.S. government report showed domestic gasoline demand fell in the latest week. Middle distillates inventories at Asia's oil hub Singapore have soared above a nine-year high, official data showed.

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Crude oil , Brent , WTI , Opec

   

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