Last week, crude oil futures finished the week higher on indications of stronger U.S. demand and a rising perception of risk from a wider Middle East conflict that could endanger oil flows from the region. Attacks by Houthi rebels continued on the Red Sea while drones from Ukraine struck four oil refineries and other military targets in Russia.
Overall EIA data suggests a tightening U.S. oil market, "over the near term, we think China's oil demand growth disappointing market expectations is the key downside risk to consider," Commonwealth…American Jet Fuel Finally Sees Covid Rebound
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