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NEW YORK: US crude futures extended gains to $2 and Brent turned higher on Tuesday as unwinding of Brent's premium to its US counterpart on anticipation that a pipeline reversal will alleviate a large bottleneck in the United States.
US crude rose $1.90 to $104.83 a barrel at 9:30 a.m. EDT (1330 GMT), having traded from $102.66 to $105.07. Brent crude was up 4 cents at $118.72 a barrel, having traded from $117.98 to $119.18.