Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, supported by improved risk appetite among investors, while falling crude inventories and reviving US gasoline demand supported prices.
Brent crude futures for September rose $1.20, or 1.1 percent, to $107.82 a barrel, after rising $2.22 on Wednesday.
The price of US West Texas Intermediate crude was $98.70 a barrel, up $1.44, or 1.5 percent, after rising $2.28 in the previous session.