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Traders have been eyeing in recent weeks the likelihood that a possible military strike by Israel or the U.S. against Iran's nuclear facilities could take some or all of Iran's 4 million barrels a day of crude output off the market. Saudi Arabia's top oil official sought to assuage those fears Wednesday, saying his country and other oil exporters are ready to produce more to offset any supply shortfall, if needed. In other energy trading, heating oil was down 0.5 cent at $3.26 per gallon and gasoline futures fell 0.6 cent at $3.34 per gallon. Natural gas slid 3.2 cents at $2.25 per 1,000 cubic feet.
[Associated
Press;
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