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Oil extends gains, U.S. crude at six-month top on supply concerns

A worker grabs a nozzle at a petrol station in Tehran, Iran January 25, 2016.

Oil futures rose for a second straight session on Tuesday, with U.S. crude hitting a six-month high, as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a bullish assessment on near-term prices.

Oil prices have rallied for most of the past two weeks due to a combination of Nigerian, Venezuelan and other outages, declining U.S. output and virtually frozen inflows of Canadian crude after fires in Alberta's oil sands region.

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