Oil futures held onto earlier gains Wednesday after the U.S. Energy Information Administration reported that domestic crude supplies fell by 1.9 million barrels in the week ended Sept. 23. A 3.2 million-barrel climb was expected by analysts polled by S&P Global Platts, while the American Petroleum Institute late Tuesday reported a decline of 752,000 barrels, according to sources. The EIA has now reported unexpected supply declines for four weeks in a row. Gasoline supplies, meanwhile, rose by 2 million barrels, while distillate stockpiles were down 1.9 million barrels, according to the EIA. November crude rose 57 cents, or 1.3%, from Tuesday's settlement to $45.24 a barrel on the New York Mercantile Exchange. Prices traded at $45.30 before the data.
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