U.S. oil demand rose in December to its highest level since before the coronavirus pandemic began, the U.S. Energy Information Administration (EIA) said on Monday, with product supplied nearing 21 million barrels per day (bpd). Overall fuel demand was up 10% year-on-year in December at 20.8 million bpd, its highest since August 2019. Product supplied is a proxy for consumer demand since it mostly reflects fuels processed from U.S. crude oil for consumption and export. The rapid increase in U.S. oil demand while output remains slow to return to record highs, has forced energy firms to pull massive amount of crude from storage over the past year and helped boost oil futures to […]