StanChart: Oil Demand Set for All-Time High in May

Crude oil futures have rallied close to a five-month high with concerns about tightening supplies driving up prices in recent days, only coming down to earth on Wednesday and paring some of those gains while awaiting an interest rate signal from the U.S. Federal Reserve.    According to StoneX energy analyst Alex Hodes, Ukraine's recent attacks on Russian refineries could potentially cut ~350K bbl/day of global petroleum supplies and boost U.S. crude prices by $3/bbl. Analysts at J.P. Morgan estimates that…