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Oil pares gains amid concerns of US supply glut

Oil pared gains on Tuesday as concerns about rising supply from U.S. shale output overshadowed an OPEC-led effort to cut global output, which has supported oil prices in a higher range.  
    
Brent crude was 61 cents higher at $56.20 a barrel.
    
U.S. light crude was up 45 cents at $53.38.



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