Crude-oil futures extended gains in Asian trade on Wednesday ahead of initial weekly oil inventory data from the U.S. and as the southern leg of the Keystone pipeline goes into operation. On the New York Mercantile Exchange light, sweet crude futures for delivery in March were $95.37 a barrel at 0617 GMT–up $0.40 in the Globex electronic session. March Brent crude on London’s ICE Futures exchange rose $0.34 to $107.07 a barrel. Oil ended higher in overnight floor trade on positive sentiment after the International Energy Agency raised its estimate for world-wide daily demand in 2014 to rise 1.3 million barrels a day to 92.5 million barrels a day. Rising U.S. oil production may hit a wall in coming years if it maintains a ban on exports, the Paris-based energy watchdog said. The southern leg of TransCanada Corp.’s (TRP.T) Keystone XL pipeline in the U.S. is expected to go […]