Oil futures are supported by an expected decline in weekly U.S. oil inventory levels, as markets keep an eye on fuel demand at the start of the summer driving season. On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at $102.83 a barrel at 0556 GMT, up $0.17 in the Globex electronic session. July Brent crude on London’s ICE Futures exchange rose $0.14 to $108.96 a barrel. Late Tuesday, the American Petroleum Institute, an industry group, said its data showed a 1.4 million-barrel decrease in crude-oil supplies for the week ended May 30. The U.S. Energy Information Administration will publish its own inventory data later today. Estimates from 13 analysts surveyed showed that U.S. oil inventories are projected to have fallen by 100,000 barrels, on average, last week. “Inventories at the Cushing, Oklahoma delivery point for Nymex WTI futures may still be tight […]