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Oil falls after Exxon shuts pipeline

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NEW YORK (AP) -- The price of oil fell Monday as Exxon shut a pipeline that carries oil out of the Midwest and a report showed a cooling of U.S. manufacturing activity.

Benchmark oil for May delivery fell 16 cents to close at $97.07 per barrel on the New York Mercantile Exchange. It was the first decline since March 21, but the price was up from a low of $95.92 in the morning.

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