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API Data Shows US Crude Stocks Fell 11.1 Million Barrels

US crude stocks fell by 11.1 million barrels in the week ended October 9, according to industry data released Wednesday, cited by market sources.

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Oil grades were little changed on Wednesday, dealers said, despite industry data showing a sharp drop in US crude inventories. 1 million barrels in the week ended October 9, market sources said, citing data the American Petroleum Institute released Wednesday afternoon. Gulf of…