NEW YORK, Oct. 24 (Xinhua) -- U.S. oil prices rebounded 0.59 percent Wednesday on fall of gasoline and diesel stockpiles last week in the United States.
U.S. commercial crude oil stockpiles in the week ending Oct. 19 rose 6.3 million barrels week on week while total petroleum inventories dropped as much as 8 million barrels last week, according to data issued by the Energy Information Administration on Wednesday.
Meanwhile, gasoline and distillate fuel inventories fell 4.8 million barrels and 2.3 million barrels, respectively, which bolstered oil prices.
The fall of international oil prices on Tuesday came as little surprise with attention clearly being focused on the weakening economic situation and gloomy demand outlook, said a report by JBC Energy on Wednesday.
The West Texas Intermediate (WTI) for December delivery gained 0.39 U.S. dollar to settle at 66.82 dollars a barrel on the New York Mercantile Exchange, while Brent oil price for December delivery further decreased 0.27 dollar to 76.17 dollars per barrel. Enditem
