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"Oil prices edged down early on Friday as concerns about oversupply and weak demand outweighed a sharp decline in US fuel stocks. Brent crude futures fell 0.41% to $72.26 a barrel, while US West Texas Intermediate crude futures fell 0.36% to $68.45. The Energy Information Administration reported a 2.1 million barrel rise in US crude inventories, more than expected, while gasoline and distillate stockpiles also fell unexpectedly. The International Energy Agency forecast global oil supply will exceed demand in 2025, and OPEC cut its forecast for global oil demand growth for this year and 2025."
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