Oil headed for the longest run of weekly gains since May amid signs of rising U.S. fuel demand and easing crude production. Futures climbed as much as 2.7 percent in New York and are set for a fourth weekly advance. Gasoline consumption the past four weeks was at the highest since September, while crude output remained near the least since November 2014, according to data from the Energy Information Administration Wednesday. Stockpiles still remain at the most since 1930. Prices may have bottomed as shrinking supplies erode a global glut, the International Energy Agency said. “The EIA numbers show that consumer demand from cheap oil is helping to rebalance the market, slowly but steadily,” Angus Nicholson, an analyst at IG Ltd. in Melbourne, said by phone. “Low prices are having an effect on output and it looks like the end of the $20 a barrel level.” Oil has recouped […]