Oil falls 2% despite surprise U.S. crude stock drawdown
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NEW YORK (Reuters) - Oil prices fell about 2% on Wednesday despite the first decline in U.S. crude inventories since January, as the U.S. Federal Reserve chairman stoked demand fears with a solemn address warning the economy would take many months to recover from the coronavirus pandemic.Oil had rallied on optimism that slumping fuel demand would recover, while producers have slashed production to cut the mounting supply glut during the pandemic. But crude slid along with other risk assets like..