Oil prices rallied for a fifth straight session Wednesday as official data showed U.S. crude stockpiles dropped last week.

The West Texas Intermediate for September delivery increased 0.21 U.S. dollar to settle at 46.79 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery gained 0.62 dollar to close at 49.85 dollars a barrel on the London ICE Futures Exchange.

Source : XINHUA