Oil prices climbed as U.S. crude oil inventories declined last week. The U.S. Energy Information Administration (EIA) released its crude oil inventories data on Wednesday. U.S. crude inventories fell by 2.1 million barrels to 455.9 million in the week to September 11.

Analysts had expected U.S. crude oil inventories to remain unchanged.

Gasoline inventories increased by 2.8 million barrels, according to the EIA.

Crude stocks at the Cushing, Oklahoma, declined by 1.906 million barrels. It was the biggest weekly decline since February 2014.

U.S. crude oil imports fell by 270,000 barrels per day.

Refineries in the U.S. were running at 93.1% of capacity, up from 90.9% the previous week.

WTI crude oil for October delivery rose to $47.25 a barrel on the New York Mercantile Exchange.

Brent crude oil for October increased to $49.39 a barrel on ICE Futures Europe.