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. West Texas Intermediate (WTI) crude futures fell 70 cents per barrel, or 0.9%, to close at $76.87 a barrel, a three-month low. Data showed accelerating U.S. business activity this month, but manufacturers also reported a surge in prices for a range of inputs, suggesting a pickup in goods inflation in the months ahead. Also weighing on the market, U.S. crude stocks rose by 1.8 million barrels last week, according to the Energy Information Administration, compared with an estimated draw of 2.5 million barrels.