Oil Prices Climb on Robust Summer Demand and Supply Concerns

Crude oil sees fourth consecutive weekly gain as inventories drop and market braces for potential disruptions.

U.S. crude oil prices are set for a fourth straight weekly increase, driven by strong summer fuel demand.
Crude inventories in the U.S. fell by 12.2 million barrels, signaling higher consumption.
Hurricane Beryl's impact on the Gulf of Mexico adds to supply concerns, although major oil platforms in Mexico remain unaffected.
Potential ceasefire talks in Gaza have slightly eased geopolitical tensions, impacting oil prices.
Analysts forecast Brent crude may reach $90 per barrel in the coming months due to sustained demand and tight supply.