Oil Rebounds From Biggest Slump In Four Weeks On Stockpile Drop

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Oil rebounded from the biggest daily loss in four weeks as industry data showed U.S. crude and gasoline stockpiles declined. Futures climbed as much as 1.7% in New York, paring Wednesday’s 4.1% loss. Crude and gasoline inventories both dropped by more than by 5.5 MMbbl last week, the American Petroleum Institute was said to report….

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