The Ornstein-Zernike (OZ) integral equation theory is a powerful approach to simple liquids due to its low computational cost and the fact that, when combined with an appropriate closure equation, the theory is thermodynamically complete. However, approximate closures proposed to date exhibit pressure or free energy inconsistencies that produce inaccurate or ambiguous results, limiting the usefulness of the Ornstein-Zernike approach. To address this problem, we combine methods to enforce both pressure and free energy consistency to create a new closure approximation and test it for a single-component Lennard-Jones fluid. The closure is a simple power series in the direct and total correlation functions, for which we have derived analytical formulas for the excess Helmholtz free energy and chemical potential. These expressions contain a partial molar volume-like term, similar to excess chemical potential correction terms recently developed. Using our new bridge approximation, we have calculated the pressure, Helmholtz free energy, and chemical potential for the Lennard-Jones fluid using the Kirkwood charging, thermodynamic integration techniques, and analytic expressions. These results are compared with those from the hypernetted chain equation and the Verlet-modified closure against Monte Carlo and equations-of-state data for reduced densities of ρ * < 1 and temperatures of T * = 1.5, 2.74, and 5. Our new closure shows consistency among all thermodynamic paths, except for one expression of the Gibbs-Duhem relation, whereas the hypernetted chain equation and Verlet-modified closure only exhibit consistency between a few relations. Accuracy of the new closure is comparable to Verlet-modified closure and a significant improvement to results obtained from the hypernetted chain equation.