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Oil fluctuates as traders eye Iraq, US output

By The Associated Press
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The price of crude oil fluctuated on Wednesday as investors monitored the turmoil in Iraq and weighed a report claiming U.S. export controls would be loosened.

Benchmark U.S. crude for August delivery rose 38 cents to $106.41 per barrel on the New York Mercantile Exchange. The contract dropped 14 cents to settle on Tuesday. Brent crude, used to price international oils, dropped 65 cents to $113.80 a barrel in London.

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Iraq Oil