Optimism over a swift and steady economic rebound from crushing pandemic lockdowns have helped global oil prices stage a dizzying rebound from near two-decade lows in April. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Nearly all the oil demand metrics have been encouraging so far. After bottoming out in early to mid-April, global economic indicators are improving with the exception of aviation activity which remains well below seasonal norms. Implied driving activity is already well above pre-crisis levels in both the US and Germany, Europe’s biggest economy and user of fuels. In the week to June 5 alone, the US saw a surge in refined product demand to 17.57 million b/d, the strongest since the week ended March 27 […]