FT: Oil set for biggest weekly drop since October on demand worries

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THE FINANCIAL TIMES reports:

Oil prices are on course for their biggest weekly fall since October as signs of flagging demand in key markets abruptly halted a vigorous rally.

International benchmark Brent crude suffered its biggest one-day fall since June on Thursday, leaving it down almost 8 per cent since the end of last week at just under $64 a barrel. West Texas Intermediate, the US benchmark, is down a similar margin for the week to trade at $60.48.

The slide ...