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You can NOT compress a liquid... Raw fuel in the cylinder will not leave any room for the piston to travel.
You need to DRAIN the engine OIL & replace the Oil filter... Refill with Fresh oil. and then fix the float needle/seat in the carburetor ... it is not closing off the fuel and it is allowing it to "flood" the cylinder with raw gasoline.
If it runs okay and you do not want to remove the float bowl, you can just install a fuel shut off valve in the fuel line. But you will have to remember to turn it On before you start the engine AND turn it OFF when you stop the engine. Do not forget as it will contaminate the engine oil, and that will lead to a Lot of engine damage....:smile:KennyV