Americans are still buying up fuel to make the most of summer travel despite a new wave of Covid-19 outbreaks, allaying fears a resurgent virus would choke off the oil market’s remarkable recovery this year. Fuel consumption, measured by the amount of gasoline sent to the market, last week rose to the highest level since the end of July. The figures defy expectations that Covid-19 concerns would keep more Americans at home and drive down demand. The consumption boost offers encouragement to an industry bedeviled by the volatile recovery from the pandemic. Delta’s spread has put thousands in intensive care, prompting worries that summer travel would fizzle out well before Labor Day, which is the traditional end of the season. Tracking those concerns, oil’s stellar year-to-date rally cooled in the first half of August. “Still a lot of Americans are willing to get out and live their lives in […]

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