Unable to connect config client with config server when deployed in the weblogic - spring

Question

I am facing issue when we deployed config server and config client in weblogic server and run it as part of same process which is running on port 7001.
In client app, configured URL to point config-server(http://localhost:7001/) but its not able to connect, whhile troubleshooting, getting below issue -
2022-10-17 20:04:15,234 INFO org.springframework.boot.context.config.ConfigDataLoader [[STANDBY] ExecuteThread: '2' for queue: 'weblogic.kernel.Default (self-tuning)'] Fetching config from server at : http://localhost:7001/
2022-10-17 20:04:15,234 INFO org.springframework.boot.context.config.ConfigDataLoader [[STANDBY] ExecuteThread: '2' for queue: 'weblogic.kernel.Default (self-tuning)'] Connect Timeout Exception on Url - http://localhost:7001/. Will be trying the next url if available
2022-10-17 20:04:15,234 WARN org.springframework.boot.context.config.ConfigDataLoader [[STANDBY] ExecuteThread: '2' for queue: 'weblogic.kernel.Default (self-tuning)'] Could not locate PropertySource ([ConfigServerConfigDataResource#2fe99575 uris = array<String>['http://localhost:7001/'], optional = true, profiles = list['production']]): I/O error on GET request for "http://localhost:7001/common-service,employee-service/production": Tried all: '2' addresses, but could not connect over HTTP to server: 'localhost', port: '7001'
Due to this , unable to fetch properties.
However, if I run same codebase of config-server as a separate process and point that url from client application which is deployed on weblogic 7001 port, then able to connect (http://localhost:8079/)
2022-10-17 20:40:41,434 DEBUG com.oraclecorp.cc.wstemplate.ServletInitializer [[ACTIVE] ExecuteThread: '6' for queue: 'weblogic.kernel.Default (self-tuning)'] Running with Spring Boot v2.5.14, Spring v5.3.20
2022-10-17 20:40:41,435 INFO com.oraclecorp.cc.wstemplate.ServletInitializer [[ACTIVE] ExecuteThread: '6' for queue: 'weblogic.kernel.Default (self-tuning)'] The following 1 profile is active: "production"
2022-10-17 20:40:41,499 INFO org.springframework.boot.context.config.ConfigDataLoader [[ACTIVE] ExecuteThread: '6' for queue: 'weblogic.kernel.Default (self-tuning)'] Fetching config from server at : http://localhost:8079/
2022-10-17 20:40:41,499 INFO org.springframework.boot.context.config.ConfigDataLoader [[ACTIVE] ExecuteThread: '6' for queue: 'weblogic.kernel.Default (self-tuning)'] Located environment: name=common-service,employee-service, profiles=[production], label=null, version=1c8f98727c7e2e6f0892e8e7d4a5174e0b5b2220, state=null
Please let me know if anyone has any idea or came across with similar situations.