• Oil climbed toward a 10-month high after the International Energy Agency added to warnings of a supply shortfall.
• West Texas Intermediate traded near $89 a barrel, after dipping 0.4% on Wednesday. Demand will eclipse supply by 1.2 million barrels a day on average during the second half, the IEA projected Wednesday. That came a day after OPEC and the US also said they saw global consumption exceeding production.