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Oil slips 1% on large build in US crude stocks; market watches Middle East

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Oil prices fell on Wednesday after data showed U.s. crude inventories rose by more than expected even as refining activity rebounded, though futures remained up about 2% this week as traders factored in continuing conflict in the Middle East. Brent crude futures dropped $1.26, or 1.7%, to $74.78 a barrel by 11:08 a.m. (1508 GMT) ...

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