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Oil heads for weekly loss on economic uncertainty - Markets

LONDON: Oil prices were on track for a weekly loss, despite a rise on Friday on strong economic data in the euro.

US consumer prices rise moderately; underlying inflation too hot

US consumer prices barely rose in March as the cost of gasoline declined, but stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the Federal Reserve will raise interest rates again next month.

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