U.S. oil price rose on Wednesday as official data showed the country's inventories fell more than expected last week.

The Energy Information Administration said in its weekly report on Wednesday that U.S. crude stockpiles decreased by 1.8 million barrels in the week to Sept. 22, much lower than market expectation of a 3.4-million-barrel-gain.

Analysts said the U.S. crude decline helped to ease investor concerns for the market oversupply and supported the country's oil price on Wednesday.

However, a stronger dollar continued to weigh on the oil market as the dollar-priced commodity became less attractive for holders of other currencies.

The West Texas Intermediate for November Delivery gained 0.26 dollar to settle at 52.14 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery erased 0.54 dollar to close at 57.90 dollars a barrel on the London ICE Futures Exchange.