Global oil demand is rebounding after hitting a trough last month as ongoing strong consumption in Asia and Latin America, coupled with a recovery in Europe, more than offsets fresh signs of weakness in the U.S. After wobbling in November, when several European nations imposed fresh lockdowns to combat the spread of Covid-19, demand for gasoline and diesel is accelerating again, according to an index compiled by Bloomberg News tracking dozens of high-frequency indicators for road usage, and traffic in countries accounting for more than 70% of global petroleum consumption. The measure last week rebounded to a two-month high, suggesting the impact of the most recent wave of coronavirus lockdowns on global oil demand is over for now. Road usage was down 24% last week compared with pre-pandemic […]