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WTI Oil Heads for Weekly Loss With Brent as Demand Slows

West Texas Intermediate crude headed for a weekly loss amid concerns that global oil demand is slowing. Brent slipped in London.

WTI futures were little changed after paring an advance of as much as 0.9 percent in New York. The grade has lost 0.4 percent this week, while Brent has retreated 2.8 percent in the same period. The International Energy Agency cut world oil demand forecasts for this year and 2015 yesterday.