Oil Markets Get A Major Reality Check As Demand Sours

A recovery in jet fuel, gasoline, and crude oil demand is the one thing standing in the way of drawing down the existing inventory glut for crude and crude products. And this glut is the one thing standing in the way of oil prices. While fuel demand started to pick up a couple of months back, that rally has since stalled, leaving some to wonder what is left for the oil industry in the short or even medium term. The Covid-19 Factor One of the largest influencers on fuel demand today is the daily number of new coronavirus cases—or rather, the…