U.S. Oil Demand Set To Soar In The Coming Months

Despite the surge in coronavirus cases in recent weeks, crude oil demand in the United States could be on track to increase in the coming months as inventories have been steadily declining since their peak levels in the summer.  Total U.S. stocks of gasoline and diesel are still trending above their five-year averages, but the oversupply has considerably shrunk since June-July when inventories had built at a fast pace due to the lockdowns in the first COVID-19 wave.  U.S. refiners have managed to reduce the glut in diesel stocks, which…