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Oil edges down but still above $103

By The Associated Press
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The price of oil drifted down Friday after U.S. crude inventories rose in a possible sign of slack demand.

Benchmark U.S. crude for July delivery was down 38 cents to $103.20 a barrel at 0835 GMT in electronic trading on the New York Mercantile Exchange. The contract added 86 cents to close Thursday at $103.58.

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