Oil Finishes on Mixed Note

Oil prices showed a mixed performance on Wednesday, as the global benchmark crude futures rose amid positive expectations for economic recovery around the world, while the U.S. oil futures declined following a surge in fuel stockpiles.

Brent crude futures for May delivery rose by 42 cents, or 0.67%, to $63.16 per barrel.

Meanwhile, the U.S. West Texas Intermediate (WTI) crude futues declined by fell 20 cents, or 0.33%, to $59.73 a barrel.

Earlier today, data showed that crude oil inventories in the United States declined by 3.5 million barrels last week, while gasoline inventories increased more than expected by 4 million barrels.