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Oil prices edged higher on Monday as fresh US sanctions on Iran and a commitment to compensate for overproduction by Iraq added to concerns of near-term supply tightness, helping the market recover some of Friday's steep losses. Global benchmark Brent
Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over a potential peace deal in Ukraine. Brent futures slipped by 73 cents, or 0.95 percent, to $75.75 a barrel by 2:04 p.m. Saudi
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