Oil holds near $44/barrel, heads for biggest weekly drop on demand concerns

By Alex Lawler LONDON (Reuters) - Oil held around $44 a barrel on Friday and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the COVID-19 pandemic. A U.S. government report showed domestic gasoline demand fell in the latest week. Middle distillates inventories at Asia's oil hub Singapore have soared above a nine-year high, official data showed.

. Brent crude, the international benchmark, was up 5 cents, or 0.1%, to $44.12 at 0745 GMT, heading for a 2.3%.

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