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Oil traded near the highest level in more than two years after a pipeline explosion curbed production in OPEC member Libya.

West Texas Intermediate futures were little changed in New York, having climbed above $60 a barrel on Tuesday for the first time since 2015. The pipeline, which carries crude to Libya’s biggest export terminal, is said to need about a week for repairs. The Forties pipeline in the U.K., one of the world’s most important, is nearing a return to full service following an unexpected shutdown earlier this month.

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Oil is heading for a second yearly advance as the Organization of Petroleum Exporting Countries and its partners including Russia extended supply curbs through the end of 2018 with the aim of draining a global glut. The disruption in Libya has pushed the nation’s output below the cap of about 1 million barrels a day it agreed with the group last month, offsetting the return of flows through the U.K. North Sea link.