Oil prices rose on Wednesday, turning positive after U.S. government data showed a bigger weekly draw than expected in domestic crude inventories along with unexpected declines in gasoline and distillate stocks.
Earlier in the session, Brent and U.S. crude had retreated on concerns about rising production in the United States and expectations that OPEC and other producers could relax voluntary output cuts.
U.S. light crude ended Wednesday's session 28 cents higher at $66.64, its highest closing price in nearly two weeks. Benchmark Brent crude was up 87 cents, or 1.2 percent, at $76.75 a barrel by 2:28 p.m. ET.
Prices were little changed after the U.S. Federal Reserve hiked interest rates and telegraphed further increases later this year.