Oil Rises a Fourth Day as Jobless Claims Drop, Indicators Gain

Oil rose for a fourth day as applications for unemployment benefits in the U.S. decreased to a three-year low and the index of U.S. leading indicators signaled that economic growth will accelerate.

Futures advanced 0.9 percent after reports that jobless claims dropped by 4,000 to 364,000 last week and leading indicators climbed more than forecast in November. U.S. oil supplies fell the most in a decade last week, the Energy Department said yesterday.