Oil Prices Hit 7-Week High On Demand Optimism ...Middle East

Chart of the Week-     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-    Citibank added Valero (NYSE: VLO) to its focus list, raising its price target to $121 per share, up from $95.-  …

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