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

The West Texas Intermediate for November Delivery climbed 26 U.S. cents to settle at 52.14 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery erased 54 cents to close at 57.90 dollars a barrel on the London ICE Futures Exchange.