Oil prices settled higher but didn’t break out of the narrow band they have traded in this year after government data showed the U.S. crude glut grew more slowly than expected last week. U.S. crude futures rose 86 cents, or 1.6%, to $54.45 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, gained 74 cents, or 1.33%, to $56.58 on ICE Futures Europe. The amount of oil in storage has increased for seven…