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NEW YORK (AP) - Oil futures pulled back sharply Friday after fears of a major disruption of Iraqi oil exports dissipated. A stronger dollar also lessened investors' appetite for crude.
At the pump, meanwhile, retail gas prices rose closer to record levels, while diesel prices continued to slide.
In Iraq, a key oil export pipeline that was bombed Thursday will likely be repaired by Friday night, Dow Jones Newswires reported. Word of the explosion had raised concerns that Iraqi exports would fall sharply and sent oil prices surging higher.
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