Oil prices rose early on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks, although worries over a lack of agreement among producers to curb output kept a lid on gains.

             Crude futures fell about 3 percent on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.

U.S. West Texas Intermediate (WTI) crude <CLc1> had climbed 27 cents to $44.94 a barrel as of 0026 GMT after ending down $1.26, or 2.7%, in the previous session.

Brent crude <LCOc1> rose 32 cents to $46.29 a barrel after settling down $1.38, or 2.9 %.

                Oil prices drew support from data from industry group the American Petroleum Institute that showed crude stocks fell 752,000 barrels in the week ended Sept. 23 to 506.4 million barrels, versus expectations for a 2.8 million-barrel build.

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