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NEW YORK — Oil prices fell about 1% Wednesday, reversing strong gains after data showed U.S. crude stockpiles jumped unexpectedly in their largest build since April amid a record surge in imports.
U.S. crude inventories rose by 15.2 million barrels to 503.2 million barrels last week, according to the Energy Information Administration, compared with analysts’ expectations in a Reuters poll for a 1.4 million-barrel drop..