Oil rises on Libya disruption, planned OPEC-led cuts
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NEW YORK (Reuters) - Oil prices rose on Wednesday, bolstered by export cuts from Libya and planned OPEC-led production cuts, pulling back briefly after the United States reported a smaller-than-expected crude inventory drawdown.U.S. crude stockpiles fell 1.2 million barrels last week, the Energy Information Administration said, a much smaller drawdown than 10 million barrels reported by industry group the American Petroleum Institute on Tuesday and less than half the draw of 3 million barrels..