Oil Pares Weekly Gain in Wake of Sluggish Global Economies
A worker is silhouetted as he drills for oil using a hand-powered winch at an oil field (Photographer: Taylor Weidman/Bloomberg)

Oil Pares Weekly Gain in Wake of Sluggish Global Economies

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(Bloomberg) -- Oil slipped as signs of stumbling recoveries in major economies from Europe to Asia threaten to delay a demand rebound.