Melbourne/Singapore — Oil prices edged higher on Thursday, extending their 2% gains from the previous session, after data showed US crude stockpiles fell last week, while Opec and its allies were seen complying with their pact to curb output in September.

US West Texas Intermediate crude futures climbed 8 US cents, or 0.2%, to $41.12 a barrel at 4.a3m0 GMT, while Brent crude futures rose 7c, or 0.2% to $43.39 a barrel...

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