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Oil prices rise as market awaits US inventory data

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The price of oil edged above $102 a barrel Wednesday as investors tried to assess the strength of U.S. demand with the approach of warmer weather. By early afternoon in Europe, benchmark U.S. crude for April delivery was up 62 cents to $102.45 a barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, the contract fell 99 cents to close at $101.83. Investors are waiting for...

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