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Oil rises on US inflation data, but set for weekly fall due to China COVID fears- oil and gas 360

Oil rises on US inflation data, but set for weekly fall due to China COVID fears

Nasdaq SINGAPORE, Nov 11  – Oil prices picked up on Friday after a milder than expected U.S. inflation data reinforced hopes that the Federal Reserve will slow down rate hikes, boosting chances of a soft landing for the world’s biggest economy.   Prices were still set to show a decline for the week after COVID-19 cases in top oil importer