Brent pares loss, U.S. crude extends rise after API data

NEW YORK, Sept 5 Wed Sep 5, 2012 4:47pm EDT

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NEW YORK, Sept 5 (Reuters) - Brent crude pared losses and U.S. crude extended gains slightly on Wednesday in post-settlement trade after initially holding steady when a report from the American Petroleum Institute showed U.S. crude oil stocks fell sharply last week as Hurricane Isaac curbed production and imports.

Brent crude was down 60 cents at $113.58 a barrel at 4:44 p.m. EDT (2044 GMT), after settling $1.09 lower and trading down 89 cents just ahead of the API report.

U.S. crude was up 57 cents at $95.87, having settled up only 6 cents, then trading up 50 cents just ahead of the API data.

(Reporting by Robert Gibbons; Editing by Bob Burgdorfer)

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