Oil Prices on Track for a Weekly Gain as Fuel Demand Climbs and Inventories Fall

Crude oil prices are about to book another weekly gain, boosted by the Energy Information Administration’s latest inventory report. On Thursday, the EIA reported draws across crude and fuels, suggesting the strong driving season some analysts expected may be unfolding indeed. A report by the AAA forecasting record travel over the July 4 weekend also helped boost optimism on the oil market. The AAA projected this week that the holiday weekend would see a record 71 million people take to roads and airports, which would be a 4.8% increase…