Oil prices settled higher Thursday with WTI settling over $80 a barrel. Crude markets have been really strong as of late and are on track for a fifth week of consecutive gains. “We see the oil market undersupplied,” UBS analysts said in a report. “We retain a positive outlook and look for Brent to rise to $85–$90 over the coming months.” Risk appetite in wider financial markets is being boosted by growing expectations that central banks such as the Fed are nearing the end of policy tightening campaigns, which would boost the outlook for global growth and energy demand. The U.S. economy grew by a bigger than expected 2.4% last quarter, government data showed Thursday, as labor market resilience supported consumer spending, while businesses boosted investment in equipment, potentially keeping a recession at bay. WTI traded up $1.31 or 1.7% to close at $80.89. Brent traded up $1.32 or 1.6% to close at $84.35.