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Weblogic server can indeed act as webserver (as it is able to respond to HTTP/HTTPS requests). It includes limited functionality, check the online help http://docs.oracle.com/cd/E23943_01/apirefs.1111/e13952/core/index.html.
Note that weblogic server is actually to be used as application server, typically frontended with an HTTP server. You can use Oracle's WebTier for this purpose.