Oil moves higher due to declines in U.S. supplies and global production

April West Texas Intermediate crude CLJ9, +0.51%  rose 31 cents, or 0.5%, to trade at $58.57 a barrel on the New York Mercantile Exchange, poised for a fourth straight session climb. It looks to settle at its highest since mid-November, just as it did on Wednesday, according to FactSet data. May Brent crude LCOK9, -0.55% meanwhile, edged down by 22 cents, or 0.3%, to $67.33 a barrel on ICE Futures Europe. It had settled at a four-month high a day earlier. “Crude futures posted new highs for the year,” following a nearly 4 million-barrel decline in…