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bbl after drawdown in U.S. stocks By Reuters

NEW YORK (Reuters) -Oil prices rose over $2 a barrel on Wednesday after government data showed a larger-than-expected drawdown in inventories, and on expectations demand will rise as vaccination roll-outs widen. U.S. crude oil stockpiles fell last week to the lowest since September 2019, the U.S. Energy Information Administration said, extending their drawdown after Hurricane Ida’s hit late August shut numerous refineries and offshore drilling production. U.S. crude and distillate inventories last week fell more than analysts expected, while gasoline stocks also declined, but fell slightly short of analysts’ expectations.

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