Traffic Surge in Europe and Asia Adds to Mixed Outlook for Oil
- The return of the rush hour signals some extra gasoline demand
- U.S. traffic congestion remains low as employees stay at home
Photographer: Jeremy Suyker/Bloomberg
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The rush-hour traffic jam has returned to Europe and Asia as workers make their way to offices in their cars and children start school, providing a boost to gasoline demand in an otherwise weak oil market.
London, for example, suffered its heaviest traffic jams in more than six months on Wednesday, with congestion 8% above the average 2019 level, according to data from navigation company TomTom International BV.