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the leaking oil might just be oil escaping from the pressure bleed due to too much air trapped in the unit. if you follow the procedure to bleed the air from it, it may stop. if you don't have the manual, it looks something like this:
- oven the valve you use to drop the jack by one turn and let jack drop to lowers position
- pump 8 times with valve open
- close valve and raise jack to max height
- pump 8 more times
- find the bleed valve and release any build-up air
- drop and test
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