Oil is on track for its first back-to-back weekly loss since April’s price rout, as signs of cheating by OPEC and a precarious outlook for demand take the wind out of the last few month’s tepid rebound in prices.

While futures in New York edged up on Friday, tracking a move higher in U.S. equities, prices are still set for a nearly 7% decline this week. Traders have been turning their attention to data showing the United Arab Emirates since July has been regularly exceeding its quota under a deal between the Organization of Petroleum Exporting Countries and its allies.

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