Oil futures turned higher on Wednesday after the U.S. Energy Information Administration reported that domestic crude supplies fell by 600,000 barrels in the week ended Sept. 9. A 3.3 million-barrel climb was expected by analysts polled by S&P Global Platts, while the American Petroleum Institute late Tuesday reported an increase of 1.4 million barrels, according to sources. The EIA had reported a big 14.5 million-barrel drop in crude supplies for the prior week, which analysts attributed to weather-related issues. Gasoline supplies rose 600,000 barrels, while distillate stockpiles jumped up by 4.6 million barrels, according to the EIA. October crude rose 15 cents, or 0.3%, from Tuesday's settlement to $45.05 a barrel on the New York Mercantile Exchange. Prices traded at $44.44 before the data.
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