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Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, while rival Libyan forces targeted oil terminals in the African nation. Higher prices imposed by Saudi Arabia on its crude buyers in Asia, the United States and northwest Europe was another positive development, traders said, although some had expected benchmark Brent and U.S. oil futures to rally even more on that. U.S. crude futures were volatile on concerns that oil inventories in the United States had hit record highs. Industry group American Petroleum Group (API), however, indicated that last week's crude builds could be smaller than initially thought.