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Oil falls for second week as Mideast worries ease, China demand seems fragile.

Oil prices were little changed on Friday but headed for a second week of losses as supply fears driven by conflict in the Middle East, a key producing region, eased, while the demand outlook at the world’s top crude importer China remains clouded.

Brent crude futures rose 29 cents, or 0.3%, to $87.14 a barrel by 0505 GMT, while U.S. West Texas Intermediate crude futures gained 36 cents, or 0.4%, to $82.82 a barrel.

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