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Oil price news: Oil heads for weekly gain on signs of firmer market before data

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Oil headed for a weekly gain on signs of tightening supplies before the release of U.S. inflation data that may give further clues on the path forward for monetary policy.

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Oil market news: oil rises to highest since October on signs of stronger demandOil rose on signs of better-than-expected demand, while algorithms that have reached their maximum long positions kept the rally in check.
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