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Analysts say the U.S. benchmark appears overpriced at the current level, but caution against betting on a near-term drop. Jim Ritterbusch, president of Ritterbusch and Associates, calls levels above $106 a "mispriced high" considering that U.S. demand growth is a modest 0.5 percent while U.S. crude production is up 15 percent year over year. But he says that's no guarantee the price will decline. In other energy futures trading on the Nymex: Wholesale gasoline added 1 cent to end at $3.12 a gallon. Heating oil fell 1 cent to finish at $3.09 a gallon. Natural gas fell 2 cents to end at $3.79 per 1,000 cubic feet.
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