Oil extends gains with September Fed rate cut in focus

Oil extended gains on Thursday, as support from growing expectations of an interest rate cut from the U.S. Federal Reserve in September outweighed higher U.S. inventories and OPEC+ plans to gradually increase supply. Brent crude futures were up 56 cents or 0.7% at $78.97 a barrel by 1150 GMT, while U.S. West Texas Intermediate crude ...