Diesel and jet fuel demand tell two different economic stories ...Middle East

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Diesel and jet fuel demand tell two different economic stories
It's tough to find consistent signals on the economy at the moment. There are certainly signs of weakening in things like housing and rate-sensitive areas like autos but the retail good sector looks strong, as highlighted by Walmart last week.This week's market is just as confusing. Equities are ripping and the market is acting as if a soft landing with immaculate disinflation is unfolding but at the same time, oil is on a four-day losing streak and copper has been struggling.Drilling down into oil, the picture is also murky, as highlighted by a couple of charts. Jet fuel demand right now is higher than it's been at any point in the summer over the past five years. Flying is above pre-pandem

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