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Global oil prices rise but set for biggest weekly thumping since 2008

Global oil prices rise but set for biggest weekly thumping since 2008

Friday, March 13, 2020, 4:48 PM

Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite eking out a 2% on Friday, as investors eyed evaporating demand from the coronavirus pandemic and a production ramp-up by top producers. Brent crude was up 70 cents, or 2.1%, at $33.92 a barrel by 0540 GMT after falling more than 7% on Thursday.
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