Weekly oil supply/demand roundup - crude up ~$1.90 from last Friday's close
This week's DOE inventory updated showed a surprise draw of 5.3mb in oil and oil products (USO).
TSA checkpoint data pointed to flat week on week passenger volumes, and volumes down ~7% from 2019 levels (JETS).
Delta (DAL) announced expectations for a 25% year-on-year increase in passenger volumes over the holiday weekend; TSA checkpoint data pointed to ridership up ~31% year on year this week.

Japan "mulling" resuming foreign tourist entry in June.
The EU Commission President said Europe would be unlikely to reach a deal on a Russian oil embargo this week, as Hungary suggested an embargo would "risk dismantling EU unity."
Biden made plans to remove summertime gasoline blending mandates.
The White House raised the idea of burning the home heating oil reserve to fend off a diesel shortage, the reserve is ~1mb/d.
The US announced new sanctions on an Iranian oil smuggling network.
US officials involved in the Iran nuclear negotiations indicated the deal is "tenuous."
The UK announced plans for a 25% windfall tax on the oil and gas sector, threatening to strand Rosebank, Clair South and Cambo developments.
Russian oil exports fell 170kb/d MoM in the first 24 days of May, but remain above pre-war levels.
Russian oil product exports fell, and remain ~400kb/d below seasonal averages.
Oil production at Kazakhstan's Kashagan field fell ~220kb/d on maintenance.
The Baker Hughes (BKR) oil-directed rig count fell by 2 on the week.
Chevron's (CVX) license to operate in Venezuela was renewed.