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Oil rises nearly 2% on tightening supplies from Libya, Iraq

Oil prices rose by more than a dollar a barrel on Thursday as supply disruptions in Libya and plans to lower output in Iraq raised concerns of a tightening market. U.S. West Texas Intermediate crude futures were up $1.35, or 1.8%, to $75.85 a barrel by 12:01 p.m. EDT (1601 GMT). Brent crude futures were ...

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