Fuel Sales In The UK Surge, Adding Bullish Note To Global Oil Outlook

Fuel sales in the United Kingdom surged at the end of last week to their highest level since the first lockdown in March last year, according to government data cited by Bloomberg, suggesting that the reopening that began last month is already resulting in higher oil demand and economic growth. The UK started to gradually reopen on April 12, opening non-essential retailers, restaurants, and pubs for the first time in months as COVID cases are rapidly falling after more than half of the adult population have now received at least one shot of a vaccine.…