Oil prices climbed Thursday, erasing a decline from a day earlier to settle back at their highest level since mid-April. Prices continued to find some support from talk of a potential extension to the OPEC-led production cuts, despite data Wednesday showing the first rise in U.S. crude supplies in five weeks. December WTI crude rose 46 cents, or 0.9%, to settle at $52.64 a barrel on the New York Mercantile Exchange–the highest since April 17, according to FactSet data. Prices fell 0.6% Wednesday after settling at a six-month high Tuesday.
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