Oil prices rose on Wednesday, supported by a drop in U.S. crude stockpiles and the continued outage of the North Sea Forties pipeline system.
U.S. West Texas Intermediate (WTI) crude futures ended Wednesday's session up 53 cents at $58.09 a barrel, posting the highest settlement in more than two weeks.
Brent crude futures, the international benchmark for oil prices, were up $1.23, or 2 percent, at $64.46 a barrel at 2:15 p.m. ET (1915 GMT).
Crude inventories fell by 6.5 million barrels as refineries hiked output in the week to Dec. 15, compared with analyst expectations for a decrease of 3.8 million barrels.
Gasoline stocks rose by 1.2 million barrels, compared with analysts' expectations in a Reuters poll for a 1.9 million-barrel gain. Distillate stockpiles, which include diesel and heating oil, were up by 769,000 barrels, versus expectations for a 870,000-barrel drop, the EIA data showed.