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Oil recovers as US inventory drop, storm provide support

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Oil climbed more than $1 on Wednesday, reversing some of the previous day’s losses, as a drop in U.S. crude inventories and concern about disruptions to U.S. output from Hurricane Francine countered concerns about weak global demand. Brent crude futures were up $1.07, or 1.55%, to $70.26 a barrel at 1319 GMT, while U.S. crude ...

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