Energy ETFs Rally as a Strong Economy Supports a Steady Demand Outlook
August 18, 2022 at 19:10 PM EDT
Energy-related exchange traded funds climbed Thursday as U.S. economic growth and rising fuel consumption helped mollify some fears of a global slowdown. Among the best-performing non-leveraged ETFs on Thursday, the Invesco DWA Energy Momentum ETF (PXI) gained 5.2%, the SPDR Oil & Gas Equipment & Services ETF (XES) advanced 5.1% and the iShares U.S. Oil [...] The post Energy ETFs Rally as a Strong Economy Supports a Steady Demand Outlook appeared first on ETF Trends .
