Oil Prices continued climbing on Wednesday, but the increases were limited as concerns over the euro zone remained.

The weekly inventory report by U.S. Energy Information Administration (EIA) showed that crude stocks rose to 385.9 million barrels for the highest level since June last year, but product inventories fell, down 1.6 million barrels for gasoline and a steep 4.5 million for distillates.

On the economic front, U.S. pending home sales slipped in February, held back by tight inventory, the National Association of Realtors reported. But U.S. economic outlook remained positive as recent data largely pointed to a steady recovery.

The U.S. single-family home prices started the year with the biggest gain since summer 2006, according to the S&P/Case-Shiller Home Price Indices released Tuesday. Durable goods orders gained 5. 7 percent in February, more than the 3.9 percent forecast by economists, Commerce Department data showed.

Increases of oil prices were contained as market fears over euro-zone banking sector remained after Cypriot bailout and investors are increasingly concerned about the continuing political deadlock in Italy.

Light, sweet crude for May delivery climbed 0.24 dollars or 0. 25 percent to settle at 96.58 dollars a barrel on the New York Mercantile Exchange.

Brent crude for May delivery was up 0.33 dollar, or 0.30 percent to close at 109.69 dollars a barrel.