Oil Demand Under Threat From Delta COVID Variant

Oil edged up on Tuesday after posting a loss on Monday due to demand concerns sparked by the Delta variant of the COVID-19 virus. Chart of the Week-    Demand for gasoline, distillate, and jet fuel is on the rise in the U.S. as mobility increases.-    For the week ending June 18, the four-week average demand for gasoline was 94% of the four-week average for the same week in 2019, distillate was 98%, and jet fuel was 74%, according to the EIA.-    At their lowest points in 2020, gasoline demand fell to…