Oil prices edge up on low inventories, high gasoline demand in US

Oil prices edged up on Thursday, extending gains from the previous session, buoyed by lower crude inventories and higher gasoline demand in the United States.

Brent crude futures for September rose 40 cents, or 0.4%, to $107.02 a barrel by 0010 GMT, after gaining $2.22 on Wednesday.

U.S. West Texas Intermediate crude (WTI) was at $97.78 a barrel, up 52 cents, or 0.5%, after rising $2.28 in the previous session.

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