TOKYO: Oil prices rose on Thursday, extending a more than 3% rally in the previous session, boosted by record US crude exports and a weaker US dollar, though gains were capped in Asia due to lingering fears over slack demand in China.
Brent crude futures gained 20 cents, or 0.2%, to $95.89 a barrel by 0332 GMT. US West Texas Intermediate (WTI) crude climbed 19 cents, or 0.2%, to $88.10 a barrel.
US crude stocks rose 2.6 million barrels last week, according to weekly government data on Wednesday, with crude exports rising to 5.1 million barrels a day, the most ever.
