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Oil futures rise sharply

Oil futures rose sharply on Wednesday, lifted by U.S. government data that showed an unexpectedly large weekly drop in U.S. crude inventories, while Hurricane Sally curtailed production in the Gulf of Mexico.
 
U.S. crude inventories fell by 4.4 million barrels for the week ended September 11.
 
West Texas Intermediate crude for October delivery rose four per cent, to $39.81 a barrel on the New York Mercantile Exchange. 
 
November Brent the global benchmark, was up 3.5 per cent, to $41.93 a barrel. 


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