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Bloomberg

Oil Climbs After Four-Day Slump With U.S. Stockpiles in Focus

(Bloomberg) — Oil climbed, snapping a run of declines, as a U.S. industry report pointed to a drop in the nation’s crude stockpiles.West Texas Intermediate rose 0.8% after a four-day losing run that was the longest since March. The American Petroleum Institute reported that crude inventories fell 1.16 million barrels last week, including a draw at the key storage hub in Cushing, Oklahoma, according to people familiar with the data. The dollar also weakened, making commodities priced in the curr