Memorial Day Jet Fuel Demand Outshines Gasoline ...Middle East

Summer markets for refined oil products are anticipating big numbers, with the AAA teasing the potential for a 4.8% surge in Memorial Day weekend air travelers and rising demand for jet fuel as opposed to gasoline for the busiest driving period of the year, Bloomberg reports.  AAA is expecting a two-decade record high number of travelers flying for Memorial Day weekend, further supported by global crude oil consumption that analysts at JPMorgan Chase said on Friday would soar by 2.8 million barrels a day from May through August. The analysts…

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