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-0.000293452176894067 -6.85635927323267E-05 -6.85635927323267E-05 -0.000251399840018315 0.00193806422123189 0.0048149925722775 0.000937035767340932 0.00203405325105699
Stock impact report

Oil Headed for Best Week in 2 Months: Energy ETFs in Focus [Yahoo! Finance]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The solid outlook is expected to fuel a rally in the ETF space as well. We have highlighted five popular ETFs from the space that could be compelling plays, given that these have a solid Zacks ETF Rank #1 (Strong Buy) or #2 (Buy). These are Energy Select Sector SPDR XLE, Vanguard Energy ETF VDE, SPDR S&P Oil & Gas Exploration & Production ETF XOP, Fidelity MSCI Energy Index ETF FENY and VanEck Vectors Oil Services ETF OIH. Improving Demand Picture The Organization of the Petroleum Exporting Countries (“OPEC”) expects strong growth in global oil demand in 2024, citing higher demand for travel and tourism in the second half of the year. It expects world oil demand to grow by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025. Demand is expected to increase to 116 million bpd or higher by 2045. The International Energy Agency sees oil demand peaking by 2029, leveling off at around 106 million bpd toward the end of the decade. Meanwhile, the Department of E Show less Read more
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