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

Oil prices climbed for a fourth straight day to 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 were 32 cents, or 0.4%, higher at $82.52 by 1446 GMT, extending gains of around 2.7% from the previous session but losing some steam from earlier in the session.