Oil prices finished higher Wednesday as data from the Energy Information Administration showed strong U.S. demand for gasoline and distillates along with weekly declines in domestic supplies of the petroleum products. The EIA, however, also reported that U.S. crude supplies rose 6.8 million barrels last week–the first rise in 11 weeks. March West Texas Intermediate crude rose 23 cents, or 0.4%, to settle at $64.73 a barrel on the New York Mercantile Exchange.
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