Oil prices traded mixed on the U.S. crude inventories data. The U.S. Energy Information Administration (EIA) released its crude oil inventories data on Wednesday. U.S. crude inventories increased by 3.07 million barrels to 461.0 million in the week to October 02. It was the second consecutive increase.

Analysts had expected U.S. crude oil inventories to rise by 2.00 million barrels.

Gasoline inventories increased by 1.9 million barrels, according to the EIA.

Crude stocks at the Cushing, Oklahoma, climbed by 98,000 barrels.

U.S. crude oil imports fell by 486,000 barrels per day.

Refineries in the U.S. were running at 87.5% of capacity, down from 89.8% the previous week.

Yesterday's comments by OPEC Secretary-General Abdalla Salem el-Badri still supported oil prices. He said on Tuesday that oil prices will rebound due to lower oil investments. el-Badri expects global oil investments to drop by 22.4% this year.

WTI crude oil for November delivery declined to $48.75 a barrel on the New York Mercantile Exchange.

Brent crude oil for November climbed to $52.00 a barrel on ICE Futures Europe.