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Crude oil posts another weekly decline on demand concerns, eyes now on US GDP data, OPEC output

By Royce Vargheese Joseph WTI Crude oil futures ended the previous week 1.4% lower and closed at $90.77 per bbl, amid increasing concerns of a global economic slowdown. Recession fears continue to exert pressure on energy markets, with Fed minutes signalling a strong commitment to bringing down inflation to the 2% target range. On top …

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