Oil rises over 1% on Thursday

emirates7 - Oil prices rose more than 1 percent on Thursday, extending gains from the previous session.

Brent crude futures rose 86 cents, or 1.1 percent, to $78.88 a barrel by 0352 ​GMT, while the US West Texas Intermediate crude futures were up 85 cents, or 1.2 percent, at $74.37 a ​barrel.

Both crude benchmarks, WTI and Brent, rose more than a dollar in post-settlement trade on ⁠Wednesday.