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Crude slipped from the highest level in two and a half years amid light trading volume and reports that repairs to a Libyan pipeline should wrap up next week.Futures fell as much as 1.1 percent in New York amid holiday trading volume about 44 percent below the 100-day average. The Waha Oil Co. pipeline that carries crude to Libya's Es Sidra terminal will need about a week for repairs, according to people familiar with the situation. The line exploded Tuesday and the nation's output is said to have dropped below 1 million barrels a day.West Texas Intermediate for February delivery slipped 26 cents to $59.71 a barrel at 10:44 a.m. on the New York Mercantile Exchange after rising above $60 a barrel for the first time since June 2015 in intraday trading Tuesday.
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