Brent crude oil prices retreated from three-week highs on Wednesday, after a surprising drop in U.S. refining rates and an unexpected gasoline and diesel stock build signaled lower demand in the world's top oil consumer.
Brent crude futures, the international benchmark for oil prices, were up 20 cents at $58.08 at 2:15 p.m. ET (1615 GMT), down from a high of $58.54 earlier in the session.
U.S. West Texas Intermediate (WTI) crude futures ended Wednesday's session 16 cents higher at a three-week high of $52.04 per barrel. It earlier touched an intraday high of $52.33.
Weekly U.S. crude inventories fell by 5.7 million barrels, the Energy Information Administration said, exceeding expectations.
U.S. refiners throttled down activity as the autumn maintenance season got underway, and refining rates fell 4.7 percentage points to 84.5 percent of total capacity, the seasonally slowest rate of output since 2011.