Oil futures extended their earlier gains Wednesday after the U.S. Energy Information Administration reported that domestic crude supplies fell by 6.2 million barrels in the week ended Sept. 16. A 2.8 million-barrel climb was expected by analysts polled by S&P Global Platts, while the American Petroleum Institute late Tuesday reported a larger drop of 7.5 million barrels, according to sources. The EIA has now reported unexpected supply declines for three weeks in a row. Gasoline supplies also fell by 3.2 million barrels, while distillate stockpiles rose by 2.2 million barrels, according to the EIA. November crude climbed $1.01, or 2.3%, from Tuesday's settlement to $45.06 a barrel on the New York Mercantile Exchange. Prices traded at $44.90 before the data.
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