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Oil Gains on Iran Tension as Enbridge Shuts Pipeline

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.

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