Oil rallies on tight U.S. stocks as winter blast hits

Oil prices rose for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks seen tight just as a chilly blast hits the United States and travel is set to soar for the holiday season.

U.S. West Texas Intermediate (WTI) crude futures climbed 35 cents, or 0.5%, to $78.64 a barrel, while Brent crude futures gained 27 cents, or 0.3%, to $82.47 at 0145 GMT, extending gains of around 2.7% in the previous session.