Oil falls 4 percent; U.S. crude draw seen as glitch

By Scott DiSavino NEW YORK (Reuters) - Oil prices fell 4 percent on Friday, paring most of the previous session's rise as traders noted that a tropical storm was behind this week's unexpected slump in U.S. crude inventories. U.S. crude was down $1.74 at $45.88. Oil prices shot up on Thursday after U.S. government data showed the biggest weekly drop in stockpiles last week since January 1999 as Gulf Coast imports slumped to the lowest on record.