The West Texas Intermediate for August delivery increased 1.55 U.S. dollars to settle at 59.38 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery rose 1.44 dollars to close at 66.49 dollars a barrel on the London ICE Futures Exchange.
For the week ending June 21, U.S. commercial crude oil inventories decreased by 12.8 million barrels from the previous week, said the U.S. Energy Information Administration on Wednesday.
At 469.6 million barrels, U.S. crude oil inventories are about 5 percent above the five-year average for this time of year. Iran's Supreme Leader Ayatollah Ali Khamenei on Wednesday dismissed U.S. offer for talks on mutual prickly issues as "deception."
"Negotiations are their way of deceiving (Iran) into what they want," Khamenei was quoted as saying by his official website.
He also stressed that Iran would not step back in the face of "cruel" U.S. sanctions, which were announced on Monday and triggered broad fears over global energy supply.
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