Oil edges up toward $104 ahead of US data, holiday

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Oil prices moved up to around $104 a barrel Friday ahead of U.S. home sales data and the Memorial Day holiday weekend.

By early afternoon in Europe, benchmark U.S. crude for July delivery was up 22 cents to $103.96 a barrel in electronic trading on the New York Mercantile Exchange. On Nymex, the contract fell 33 cents to close at $103.74.

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