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Oil holds gains amid US drilling slowdown, Libya output threat

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Libya's National Oil has threatened that it would halt production if the authorities fail to contain attacks on the nation's facilities.

Melbourne

OIL held gains after a third weekly advance as US companies slowed drilling and Libya's state oil company threatened to halt the African nation's production.

Futures were little changed in New York after climbing 3.1 per cent on Feb 13. Drillers cut the number of rigs in