Published August 4, 2016 2:40pm EDT | Updated August 4, 2016 3:15pm EDT

Oil Futures Extend Rebound To Finish Higher For Second Day

Oil futures ended with strong gains Thursday. September West Texas Intermediate crude futures rose $1.10, or 2.7%, to close at $41.93 a barrel, building on a 3.3% rise scored Wednesday after weekly data showed a much larger-than-expected drop in gasoline inventories. Oil futures have rebounded after hitting a three-month low below $40 a barrel earlier in the week.