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Oil prices rally as peak driving season gets under way

Brent crude has risen about $10 a barrel since early June as US stockpiles dwindle
The American Automobile Association forecasts that travel during the holiday period will be 5.2% higher than last year, with car travel rising 4.8%

Oil prices have climbed to a two-month high, as refineries gear up for the summer driving season and traders fret over renewed tensions in the Middle East.

International benchmark Brent crude edged up to as high as $86.92 on Wednesday, having gained about $10 a barrel since the beginning of June. The US equivalent, West Texas Intermediate, advanced to $83.53 before slipping back.

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