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Oil Prices Hit 7-Week High On Demand Optimism

-     Air travel is on the rise in the U.S., indicating an uptick in jet fuel demand. -    Jet fuel demand has averaged 1.2 mb/d over the past four weeks, up 200,000 bpd from March levels. -    In March, 1.2 million passengers passed through U.S. airports per day on average. That jumped to 1.4 million passengers per day in April.  Market Movers Valero (NYSE: VLO) to its focus list, raising its price target to $121 per share, up from $95. -    Bank of America upgraded -     Tuesday, May 4, 2021  Oil prices jumped to a seven-week high as markets are pricing in higher demand expectations. As of 8:51 a.m. EDT on Tuesday, the U.S. benchmark WTI Crude was back above $65 per barrel, having touched the highest level since March earlier in the day.

Explosion Of Violence Is A Major Threat To Colombia s Oil Industry

13 hours Washington Renews Chevron s Waiver To Keep Operating In Venezuela 13 hours UK Looks To Support Rollout Of Nuclear Fusion Energy 15 hours Libya’s Oil Sales Fell 36% In April As Production Declined 17 hours Exxon Quits Deepwater Oil Project In Ghana 19 hours Nigeria’s Oil Revenues Slump 98% In April 1 day OPEC Boosted Production Less Than Expected In May 2 days OPEC+ Still Sees Oil Demand Growing By 6 Million Bpd In 2021 2 days Intel Warns: Chip Shortage Threatens EV Boom 2 days Rare Iranian Oil Cargo Reaches U.S. Shores 2 days Cheap Energy Boosts Crypto Mining In Argentina 4 days Nigeria Says It Is Preparing For Post-Oil World

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