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MARKET WATCH: NYMEX crude drops more than $1/bbl as US crude stockpiles build

Light, sweet crude oil prices fell just over $1/bbl on the New York market and Brent crude oil prices fell almost as much in London as US crude stockpiles reach high levels not seen in almost 17 months. US crude oil inventories for the week ended Apr. 5 increased by 7 million bbl from the previous week to reach 456.5 million bbl, data from the US Energy Information Administration showed.

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