Data suggest U.S. demand for oil and petroleum products is near pre-pandemic levels.
Daniel James Graeber
With COVID strains seemingly easing in the U.S., the summer travel season could be a busy one.
Crude oil prices fell despite a relatively lackluster weekly market report.
A proxy for market demand is up 20 percent compared to a year ago.
Gasoline supplied to the market is far below comparable 2019 levels.
Summer travel expected to be 15 percent higher than last year.
Energy sector seems to have finally recovered from the deep freeze in Texas.