¬†Oil prices rose on Thursday, extending strong gains made in previous sessions on expectations of tighter supplies until the end of the year as economies recover from the coronavirus crisis. Brent crude rose 27 cents, or 0.4%, to $72.50 a barrel at 0830 GMT, after rising 4.2% in the previous session. U.S. West Texas Intermediate (WTI) crude rose 33 cents, or 0.5%, to $70.63 a barrel, after rising 4.6% on Wednesday. “Some soft spots have emerged in the oil demand recovery, but this is unlikely to change the outlook fundamentally,” Morgan Stanley said in a note. Members of the Organization of the Petroleum Exporting Countries and other producers including Russia, a group known as OPEC+, agreed this week on a deal to boost oil supply by 400,000 barrels per day from August to December to cool prices and meet growing demand. But demand was […]