Memorial Day Travel Spree… Bloomberg – Commodity Research Group

June 2, 2021 by Jim Colburn Leave a Comment

Andres Guerra Luz and Jeffrey Bair, Bloomberg, write about the bump up in oil demand due to heavy Memorial Day travel, here…

”U.S. gasoline demand reached the highest since the start of the pandemic in the week leading up to the long weekend, Descartes Labs said Tuesday, citing a survey of mobile device movements. Meanwhile, American airports from Los Angeles to Houston and Atlanta reached passenger levels not seen since early March 2020.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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