Reply #3: Oil rises on robust US gasoline demand [View All]

LONDON/SINGAPORE (Reuters) - Oil climbed further above $72 on Thursday, extending a week-long rally, as resilient U.S. gasoline demand and lingering geopolitical tensions offset inflation fears.

U.S. crude rose 28 cents at $72.47 a barrel by 0940 GMT, adding to gains of 27 cents on Wednesday. London Brent crude traded 40 cents higher at $71.81.

Prices have risen in six consecutive sessions in a gasoline-led rally, as American drivers continue to fill up their tanks despite high pump prices.

Gasoline prices rose after inventories fell by 1 million barrels amid strong demand ahead of the July 4 Independence Day holiday when travel is expected to be busier than ever.

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