Oil prices have risen to $115 a barrel.

 Oil prices rose at the beginning of trading on Wednesday due to limited stocks and the prospect of growing demand in connection with the upcoming start of the summer driving season in the United States. July’s Brent oil futures rose 44 cents (0.4%) to $114 a barrel. West Texas Intermediate (WTI) July futures climbed 51 cents or 0.5% to $110.28 a barrel. Global oil supplies continue to shrink as buyers avoid oil from Russia, the world’s second-largest exporter, amid sanctions following its invasion of Ukraine.  A spokesman for the Biden administration said he had traveled to India on Tuesday to talk to government and private sector officials about US sanctions against Russia over its invasion of Ukraine as Washington seeks to prevent India from buying more Russian oil.