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 SINGAPORE (AP) - Oil trading was slow Friday as the market adjusted to a surprising drop in U.S. gasoline and heating oil inventories.
Light, sweet crude for April delivery nudged 3 cents higher to $60.98 in light electronic trading on the New York Mercantile Exchange at midmorning in Singapore.
"Trading is quiet today because there is nothing special to react to," said Tetsu Emori, chief commodities strategist with Mitsui Bussan Futures in Tokyo. "The market is just adjusting to yesterday's leap."
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