The Worst May Be Over For Oil

Oil prices jumped on Tuesday morning as demand appears to be slowly returning while non-OPEC supply continues to go offline. (Click to enlarge) (Click to enlarge) (Click to enlarge)Chart of the Week (Click to enlarge)-    U.S. refinery runs have collapsed as demand has declined sharply. Refinery runs fell to 12.8 mb/d in the week ending on April 17, rebounding to 13.2 mb/d on April 24, but still 21 percent lower than the five-year average for this time of year.-    Motor gasoline has been hit hardest. Gas demand fell to…