Sector ETF report for XLE
Believe it or not, there are some investments that have managed to deliver positive returns in the market downturn.
We discuss the outlook for oil and energy stocks.
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Gasoline stocks continue to extending lower and are 21mb below the five year average. Demand continues to track the level seen last year and the five year average. Demand is currently 9m bpd and could...
Distillate stocks remain 26mb below both the five year average and the level seen last year while demand is close to the seasonal norms. However, there is evidence of demand destruction with demand down...