Avoid Oil Futures ETFs, Buy Equities Like XLE

September 02, 2015


Total petroleum demand in the U.S. climbed to 20.3 mmbbl/d, while gasoline demand rose to 9.4 mmbbl/d and distillate demand advanced to 3.8 mmbbl/d. On a four-week rolling basis, total demand was up by 2.9 percent from last year. On that same basis, gasoline demand was up 4.8 percent and distillate demand was down by 5.3 percent.

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