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Oil falls below $103, ends week down 1.6 pct

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The price of oil fell below $103 per barrel Friday on ample supplies of crude and fuels. Benchmark U.S. crude for July delivery fell 87 cents to close at $102.71 a barrel in New York. The contract closed down 1.6 percent for the week, though it finished the month up nearly 3 percent. Brent crude, a benchmark for international oil used by many U.S. refineries, fell 56 cents to close at $109.41 a...

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