Oil edges up as Iran uncertainty, Yemen turmoil support

April 13, 2015 9:25 PM

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Oil edges up as Iran uncertainty, Yemen turmoil support

NEW YORK (Reuters) - Crude futures rose on Monday, but closed well below intraday peaks, as concerns about Iran and turmoil in Yemen supported prices, while the global supply glut continued to cap gains.

Also supportive to crude, U.S. diesel futures HOc1 rose on news that Colonial Pipeline COLPI.UL shut on Sunday its distillate pipeline running from Texas to North Carolina after a breach.

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