Oil futures settle higher after U.S. and Turkey agree on ceasefire in Syria

Oil futures settled higher on Thursday, buoyed by news that the U.S. and Turkey agreed on a ceasefire in Syria, easing worries about tensions in the Middle East. Prices had been trading mostly lower after the Energy Information Administration early Thursday reported a fifth consecutive weekly climb in crude-oil stockpiles. November West Texas Intermediate oil rose 57 cents, or 1.1%, to settle at $53.93 a barrel on the New York Mercantile Exchange.

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