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Brent crude rose above $121 on Wednesday, halting a two-day decline, as traders focused on the stalemate in Libya and a sharp fall in US gasoline stocks ahead of peak demand season, while global agencies warned high prices could erode demand.
ICE Brent crude for May delivery gained 40 cents to $121.32 a barrel. US crude for May delivery fell 4 cents to $106.21 a barrel.
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