Oil ends lower, erases most of weekly rise

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Oil futures ended lower Friday, with the U.S. benchmark nearly erasing its weekly gain as worries over the demand outlook persisted. Crude remained under pressure after oil-field services firm Baker Hughes reported a rise in the number of U.S. oil rigs. West Texas Intermediate crude for October delivery on the New York Mercantile Exchange fell 48 cents, or 1.1%, to $42.34 a barrel, leaving the contract with a gain of 3 cents, or 0.1%, for the week.
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