• Oil prices rose 3% on Thursday, extending the previous session’s gains, boosted by a weaker dollar and as the International Energy Agency (IEA) lifted its oil demand forecast for next year.
  • Brent futures settled $2.35 higher, or 3.2%, at $76.61 a barrel. U.S. West Texas Intermediate (WTI) crude climbed $2.11, or 3%, to $71.58.
  • The market has turned around after dropping to hit its lowest in nearly six months during Wednesday’s session.