LONDON—Oil prices climbed for a fourth straight day and hit their highest in two and a half weeks on Thursday with U.S. crude, heating oil, and jet fuel stocks growing tighter just as a wintry blast hits the United States.
Brent crude futures gained $1.17, or 1.4 percent, to trade at $83.37 at 1235 GMT, extending gains of around 2.7 percent from the previous session.