Energy ETF RSPG Lifted by Record Global Oil Demand
August 11, 2023 at 13:09 PM EDT
Invesco’s energy ETF is rallying as global oil demand reaches record levels. Global oil demand hit a record level in June and could peak again in August, the International Energy Agency said on Friday. Demand is boosted by strong summer air travel, increased oil use in power generation, and surging petrochemical activity in China, according to the [...] The post Energy ETF RSPG Lifted by Record Global Oil Demand appeared first on ETF Trends .