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UPDATE 5-Oil extends losses as markets fall, inventories climb

CNBC.com
UPDATE 5-Oil extends losses as markets fall, inventories climb

* Brent, U.S. crude oil both drop by more than $1 per barrel * U.S. crude oil inventories jump by 9.7 million barrels * Hurricane Michael dodges U.S. oil production sites (Updates detail, prices, comment; paragraphs 2-4) LONDON, Oct 11 (Reuters) - Oil prices slumped to two-week lows on Thursday as global