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Oil Gains on Iran Tension as Enbridge Shuts Pipeline

March 5 (Bloomberg) -- Crude oil fell in New York, extending last week’s decline.

Oil for April delivery dropped as much as 69 cents, or 0.6 percent, to $106.01 a barrel in electronic trading on the New York Mercantile Exchange and was at $106.12 at 9:19 a.m. London time. The contract lost 2.8 percent last week.

To contact the editor responsible for this story: John Buckley at

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