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Record Gulf Coast exports push U.S. oil inventories lower

— U.S. crude oil inventories, including commercial stockpiles and the nation's emergency reserves, fell by 16 million barrels last week to their lowest combined level in more than two decades, as strong demand for exports of American petroleum products continued in world markets.

Commercial crude oil stockpiles fell by 8 million barrels to a 22-year low of 434 million barrels in the week ended June…

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