The distribution of water on Earth is highly uneven, with the vast majority being saline water held in the global oceans.
Step 1: Analyze the options.
According to geological and hydrological data (such as that from the USGS), approximately 96.5% of Earth's water is located in the oceans. This water is saline and not directly suitable for human consumption without desalination.
Step 2: Compare with freshwater.
The remaining 3.5% of Earth's water is freshwater, most of which is locked in glaciers, ice caps, and deep groundwater. Only a tiny fraction is available in rivers and lakes.
Step 3: Conclusion.
The most accurate figure representing the oceanic share of total global water is 96.5%.
Final Answer:
\[
\boxed{(B) \, 96.5}
\]