By Laura Sanicola (Reuters) -Oil settled nearly 1% higher on Thursday, paring earlier gains as the market focused on Russian oil supply concerns, rebounding Chinese demand, and as the Bank of England hiked interest rates less than some had expected. Brent crude futures settled up 63 cents, or 0.7%, at $90.46 after rising by more than $2 earlier in the session. U.S. West Texas Intermediate (WTI) crude settled up 55 cents, or 0.7%, at $83.49, after rising by more than $3 earlier in the session. Russia pushed ahead with its biggest conscription since World War Two, raising concerns an escalation …