Oil rises for sixth session, buoyed by US output decline

Crude oil futures rose for a sixth consecutive session on Thursday, as a decline in U.S. production underpinned the market that has been under pressure from a global supply glut. U.S. West Texas Intermediate (WTI) crude rose 7 cents, or 0.2 percent, to $44.81 per barrel by 0003 GMT, while the benchmark Brent futures gained 8 cents, or 0.2 percent, to $47.39 a barrel. WTI climbed to $44.90 a barrel, matching Wednesday’s peak price which was highest since June 19 2017.