OIL PRICE: Oil Falls for Fourth Straight Session on US Inflation Jitters

OIL PRICE - NEW YORK, May 23 (Reuters) - Oil prices fell for a fourth consecutive session on Thursday and settled at multi-month lows as the prospect of higher-for-longer U.S. interest rates raised worries around demand growth in the world's biggest oil market.

Brent crude futures LCOc1 settled lower by 54 cents, or 0.7%, at $81.36 a barrel, the lowest since January. U.S. West Texas Intermediate (WTI) crude futures CLc1 fell 70 cents, or 0.9%, to $76.87 a barrel, a three-month low.