Oil edged higher in its longest run of daily gains since February as traders weighed strength in key petroleum products markets and as China continued to grapple with its virus outbreak. West Texas Intermediate traded near $115 a barrel after rallying about 14% over the previous four sessions. US retail gasoline prices topped $4.50 a gallon for the first time, just a couple of weeks ahead of the summer driving season. It comes amid widespread tightness in oil product markets across the globe. In China, meanwhile, Shanghai reported no new Covid-19 infections in the broader community for a third consecutive day, hitting a crucial milestone that authorities have said will allow them to start unwinding punishing restrictions. Still, one part of of Beijing’s Fengtai district will lock down in some areas for seven days, underscoring the the country’s continued battle with the virus. Oil has rallied more than 50% […]