Oil prices were up early on Friday, headed for a small weekly gain, but a gain nevertheless—the fourth in a row—as gasoline and diesel supply globally struggle to meet rising demand just ahead of the summer driving season. As of 10:20 a.m. EST on Friday, WTI Crude was up 0.78% at $112.50 and Brent Crude traded 0.45% higher at $112.20. The discount of WTI relative to the international benchmark Brent has disappeared as product inventories in the United States are at multi-year lows while domestic gasoline demand continues to rise despite…
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