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US oil prices fall for 8th week after grim China factory data

PRICES HEAD SOUTH: Brent oil was on track for its seventh weekly decline, down 30 US cents at US$46.32 a barrel, after settling 54 US cents lower on Thursday.


US oil prices headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, after a sharp drop in Chinese manufacturing increased worries over the health of the world's biggest energy consumer.

Activity in China's factory sector shrank at