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April 15, 2021, 2:37 p.m. EDT

Oil futures up 4 sessions in a row

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By Myra P. Saefong

Oil futures climbed Thursday to tally a fourth session gain in a row. A higher forecast for global oil demand from the International Energy Agency and recent data from the Energy Information Administration showing a third straight weekly decline in U.S. crude inventories continued to provide support for prices. Traders also eyed the latest talks on the Iran nuclear deal. May West Texas Intermediate crude rose 31 cents, or 0.5%, to settle at $63.46 a barrel on the New York Mercantile Exchange after climbing 4.9% on Wednesday. Prices for the front-month contract logged another finish at their highest since March 17, FactSet data show.

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