The world wants its oil, and exchange traded funds (ETFs) are reflecting that early. The International Energy Agency boosted its estimates for oil demand this year by about 2.1%. Next year is the year we all plan to cut back, though – the IEA forecasts demand in China and most other places around the world to slow. The IEA even dares to predict that oil prices may soon begin to show a little stability – could it be true? Here are more stories about oil and other energy sources that may interest you:
- Oil Services ETFs: Undervalued
- Natural Gas ETFs Win in BP Oil Disaster
- 7 Commodity ETFs You Should Know More About
- Natural Gas ETFs Unfazed in the Summer Heat
- Commodity ETFs: Understanding Contango
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.