Oil prices rise for fourth day

Singapore: Oil prices rose for a fourth straight day on Thursday, as investors worried about supply shortages.

Brent crude futures for September delivery, which are set to expire on Thursday, rose 27 cents, or 0.4%, to $73.51 a barrel, while US West Texas Intermediate (WTI) crude for September gained 37 cents, or 0.5%, to $70.37 a barrel.

The more active Brent October contract was up 29 cents, or 0.4%, at $72.76

Both benchmarks settled 1% higher on Wednesday.