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Oil claws back some losses after 6-percent plunge, but outlook weak by www.expertcommodity.com

Oil prices on Wednesday recovered some of the previous day's over 6 percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories as well as record Indian crude imports.

But investors remained on edge, with the International Energy Agency (IEA) warning of unprecedented uncertainty in oil markets due to a difficult economic environment and political risk.

International Brent crude oil futures were at $63.35 per barrel, up 82 cents, or 1.3 percent from their last close.

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U.S. West Texas Intermediate (WTI) crude futures, were up 78 cents, or 1.4 percent, at $54.21 a barrel.

Wednesday's rebound came after a report by the American Petroleum Institute late on Tuesday that U.S. commercial crude inventories last week fell unexpectedly by 1.5 million barrels, to 439.2 million, in the week to Nov. 16.