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%Oil prices are on track to post a fourth consecutive week of gains, with Brent crude oil at its highest level since April of this year.

Strong summer fuel demand, global supply constraints, and continued volatility across the Middle East has crude oil prices trending higher, say analysts.

Brent crude oil, the international standard, is currently trading at $87.44 U.S. per barrel. West Texas Intermediate (WTI) crude oil, the U.S. benchmark, is trading at $84 U.S. a barrel.

Prices for both Brent and WTI oil have been marching higher since early June amid rising summer demand in the U.S. and Europe.

The U.S. Energy Information Administration (EIA) reported a drawdown of 12.2 million barrels of oil last week from America’s national inventory.

That was much greater than the drawdown of 700,000 barrels forecast among energy analysts.

Travel in the U.S. was expected to reach record levels over the July 4 holiday weekend, with an estimated 60 million Americans planning a road trip, according to data from AAA (Triple A).

At the same time, Russian oil producers are planning to cut their oil exports from the Black Sea this July.

Also, violence continues to escalate between Israel and Hamas in the Middle East with concerns growing of an all-out war in the region that could potentially disrupt global oil flows.