Oil prices rose to a two-week high on Thursday, extending a rally into a sixth straight session, after a decline in weekly U.S. production eased concerns about deepening oversupply. Crude prices slipped to the lowest in 10 months last week but have since rebounded more than 7 percent, stretching their bull-run to the longest since April. Global benchmark Brent crude futures LCOc1 were up 33 cents at $47.64 a barrel at 0832 GMT, having touched a two-week high of $47.83 earlier in the session. U.S. West Texas Intermediate (WTI) crude CLc1 was up 32 cents at $45.06 a barrel. It registered an intraday high of $45.24, also the loftiest in two weeks. “After the steep drop in oil prices of recent weeks, I believe that especially hedge funds saw a nice buying momentum and lower U.S. crude production was the trigger to act,” said Hans van Cleef, senior energy […]