Despite months of rumors regarding a rebound in global oil demand, oil prices are decidedly range-bound at the moment as they await a major development to break through resistance.Chart of the Week- The US downstream landscape remains hamstrung by widespread refinery maintenance that peaked in February at 1.5 million b/d of offline capacity, just as gasoline demand is set to pick up amidst the summer quality change. - US gasoline prices have already shown a slight uptick and are expected to grow further as refiners need to replace cheap butane…
