U.S. oil futures settle at a 3-week high, up over 2% for the month

U.S. oil futures ended Thursday at their highest in about three weeks, finding support from expectations for tighter global supplies in the coming months. The session’s gain contributed a monthly rise of 2.2% for front-month West Texas Intermediate crude, according to Dow Jones Market Data. The October WTI contract
CLV23,
+2.38%
climbed $2, or nearly 2.5%, for the session to settle at $83.63 a barrel on the New York Mercantile Exchange, the highest front-month finish since Aug. 9.