BofA: Oil Demand Soared to 5-year High

Published: Apr 18, 2023 20:31

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Bank of America said seasonal demand for refined oil reached its highest level in five years, while absolute demand for gasoline and jet fuel soared to the highest level since the outbreak of Covid-19 pandemic.

Gasoline inventory is the tightest, 7% below year-earlier levels.

Macro economy

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