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Oil dropped from the highest close since July 2015 as focus shifted to expanding U.S. crude inventories after OPEC and other producing nations agreed to cut output.Crude fell as much as 2 percent in New York after climbing the previous four sessions. U.S. stockpiles rose by 4.68 million barrels last week, the industry-funded American Petroleum Institute was said to report.Oil has gained about 15 percent since the members of the Organization of Petroleum Exporting Countries agreed Nov. 30 to trim output for the first time in eight years.The API was said to report that gasoline stockpiles increased by 3.91 million barrels in the week ended Dec. 9 .
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