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Oil rises on US, China factory strength

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The price of oil edged up Wednesday on stronger manufacturing activity in the United States and China, the two biggest oil consumers. Benchmark U.S. crude for August delivery was up 8 cents to $105.42 per barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange, breaking four days of declines. The contract closed at a 10-month high of $107.26 on June 20. Brent crude, a...

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