Oil prices dipped on Wednesday as a slump in U.S. crude stockpiles was offset by a larger-than-forecast rise in gasoline inventories and as U.S. crude output continued to grow to record highs.
Expectations for an extended shutdown of a major North Sea crude pipeline also continued to support markets.
U.S. West Texas Intermediate crude finished Wednesday's session down 54 cents, or 1 percent, at $56.60 a barrel, having settled the previous session down 85 cents.
Brent crude was down 92 cents, or 1.5 percent, at $62.42 a barrel by 2:29 p.m. ET (1929 GMT). It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015.
Crude inventories fell by 5.1 million barrels in the week to Dec. 15, compared with analysts' expectations for an decrease of 3.8 million barrels.