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Oil at Three-Week High Amid Reports of Libya Oil Pipe Explosion

Oil is poised for a fourth straight monthly advance as the Organization of Petroleum Exporting Countries and its partners including Russia cut output and promise to continue doing so through the end of next year. In the U.S., the uptick in boosting the rig count has slowed. Oil rigs are holding at 747 with no rigs added last week, according to Baker Hughes data Friday