Oil posted a fourth straight weekly gain as signs of a global demand recovery and supply discipline among producers encouraged investors. Futures in New York rose 1% this week. Strong U.S. demand growth is being passed on to Europe and emerging markets, where India is also starting to show improvements, according to Goldman Sachs Group Inc. In a Bloomberg Television interview on Friday, Energy Aspects Ltd.’s Amrita Sen said the oil market could see an “incredibly” tight summer, and earlier this week, Morgan Stanley boosted its crude price forecasts. Prices are continuing to be supported by OPEC+ producers’ discipline in returning supply to the market. “We continue to expect a demand rebound in the second half of the year,” said Bart Melek, head of commodity strategy at TD Securities. “We’re seeing vaccine programs being rolled out in earnest around the […]