News Snapshot:
By Florence Tan SINGAPORE (Reuters) - Oil prices extended gains on Thursday, underpinned by robust demand in the world's top consumer United States while demand is expected to rebound in China as COVID-19 curbs across major cities are relaxed. Brent crude futures for August rose 50 cents, or 0.4%, to $124.08 a barrel by 0153 GMT, while U.S. West Texas Intermediate crude for July was at $122.49 a barrel, up 38 cents, or 0.3%. Both benchmarks closed Wednesday at their highest since March 8, matching levels seen in 2008. The United States posted a record fall in strategic crude reserves...
