- Brent crude and WTI futures are up 1.6% and 2% respectively this week on hopes of strong growth in fuel demand in China, the world's top oil importer.
- Manufacturing activity in China grew last month at the fastest pace in more than a decade.
- Euro zone inflation rose to an annual rate of 8.5% in February.
Oil prices head for weekly gain on China growth hopes
Oil prices slipped in early trade on Friday but were on track to post gains of nearly 2% for the week as a rebound in China's factory activity offset growing concerns about rising U.S. crude stocks and potential rate hikes in Europe.
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