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U.S. Oil Inventories Fall by 7.3 Million Barrels - Oil inventories in the U.S. fell by 7.3 million barrels in the latest week, the Energy Information Administration said Thursday.

The drawdown snapped a streak of builds and confounded expectations for drop of fewer than 1 million barrels.

Imports for the week ended Nov. 30 fell by 1.7 million barrels.

Crude oil prices were down 3.2%, paring losses after the numbers were released.

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