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Oil up on concerns over Iran sanctions, strong refining margins

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Oil prices rose for a second day on Tuesday as fresh U.S. sanctions imposed on Middle Eastern producer Iran increased concerns supply might tighten and as global refining margins remained strong. Brent crude futures rose 15 cents, or 0.2%, to $74.93 a barrel by 0724 GMT. U.S. West Texas Intermediate crude futures climbed 23 cents, ...

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