Increased demand has pulled stockpiles of crude oil out of storage this year, even as U.S. shale producers have pushed weekly production to record highs. Above, an oil refinery in Port Arthur, Texas. Oil prices have risen to levels not seen since June 2015, as unexpectedly strong global growth has driven demand and helped soak up a supply glut that has plagued the market for years. West Texas Intermediate crude is poised to top $60 a barrel, up more than 36% from a low in June. The milestone would mark a drastic shift in sentiment compared with five months ago, when prices languished in a bear market despite efforts by global producers to limit output. Analysts in October boosted their price forecasts for the first time in six months. Oil prices have been depressed for more than three years—prices are still down more than 45% from their 2014 high, […]