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Oil rises; US job gains offset by supply concerns

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The price of oil rose Friday as a report showed a big gain in new jobs in the U.S. But gains were tempered by ongoing concerns about record oil supplies. Benchmark U.S. crude oil for June delivery gained 34 cents to $99.76 a barrel on the New York Mercantile Exchange. Prices fell below $100 earlier in the week, mostly due to a surge in U.S. supplies of crude oil, which rose to a record 399.4...

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