Oil prices settled higher Thursday for a fourth session in a row. Prices got a boost as recent data showed U.S. crude supplies falling for eight straight weeks. Traders awaited the Trump administration’s decision on whether to extend temporary waivers on sanctions against Iran. February West Texas Intermediate crude rose 23 cents, or 0.4%, to settle at $63.80 a barrel on the New York Mercantile Exchange. That was the highest finish since Dec. 9, according to FactSet data. Natural-gas futures, meanwhile, rose to a six-week high after a record weekly drop in U.S. supplies of the commodity. February natural gas rose 17.8 cents, or 6.1%, to settle at $3.084 per million British thermal units.
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