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The American Petroleum Institute estimated U.S. crude inventories fell by about 300,000 barrels in the week ending Sept. 4, after a 2.6 million-barrel draw the prior week. Oil prices rose sharply, with Brent trading above $100 and WTI near $96, as continued withdrawals from the Strategic Petroleum Reserve helped bolster commercial supplies, according to reporting by Oilprice.com.
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