SINGAPORE (Reuters) -Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer outweighed concerns about the impact of rising COVID-19 cases in India, Japan and Brazil.

LONDON, April 29 (Reuters) - The dollar traded just off nine-week lows on Thursday as a doggedly dovish outlook from the U.S. Federal Reserve and bold spending plans from the White House gave a green light for the global reflation trade.

Asian shares were mixed on Wednesday as already high valuations discouraged investors from buying equities ahead of a closely-watched U.S. Federal Reserve meeting.

Profits at China's industrial firms nearly doubled in March from a year ago, as demand for raw materials surged along with the economic recovery, official data showed on Tuesday.

China's share of global exports has increased during the COVID-19 pandemic to close to 15% although its dominance may soon peak as domestic demand grows and the cost of labour rises, U.N. agency UNCTAD said on Tuesday.

MELBOURNE (Reuters) - Oil prices dropped on Wednesday, paring overnight gains, with soaring COVID-19 cases in India and a bigger-than-expected build in U.S. crude stocks offsetting confidence shown by OPEC and its allies in a solid recovery in global fuel demand.