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EIA: US crude inventories climb 7.1 million bbl

US crude oil inventories for the week ended Mar. 1, excluding the Strategic Petroleum Reserve, increased 7.1 million bbl from the previous week, data from the US Energy Information Administration showed. At 452.9 million bbl, US crude oil inventories are about 4% above the 5-year average for this time of year, the report indicated.

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