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Oil Edges Higher as US Stockpiles Shrink Ahead of Fed Meeting

West Texas Intermediate futures climbed above $95 a barrel after closing 1.8% lower in the previous session. The American Petroleum Institute reported crude stockpiles fell by 4.04 million barrels last week, according to people familiar with the figures. If confirmed by the Energy Information Administration later Wednesday, it would be the largest draw since the end of May.

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