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Oil extends gains after reports that an explosion disrupted flow through the Kirkuk-Ceyhan pipeline

Oil extends gains after reports that an explosion disrupted flow through the Kirkuk-Ceyhan pipeline

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Oil futures gained more ground in electronic trading late Tuesday, with U.S. benchmark prices near $87 a barrel after settling at their highest level in more than seven years. Turkey’s state pipeline operator Botas said it cut oil flow through the Kirkuk-Ceyhan crude oil pipeline after an explosion near the southeastern province of Kahramanmaras in Turkey, Reuters reported Tuesday.

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