mr_cashcow wrote a post · Sep 17, 2023 21:50

High demands in Natural resources such as oil

According to IEA oil demand is scaling record highs, boosted by strong summer air travel, increased oil use in power generation and surging Chinese petrochemical activity. Global oil demand is set to expand by 2.2 mb/d to 102.2 mb/d in 2023, with China accounting for more than 70% of growth.

Oil prices have also steadily been moving up.

With the current oil and energy supply demands I think $BGF World Energy Fund (LU0122376428.MF)$ will hopefully perform better in September.

Also side note 50% chance of getting the right answer so much better than the previous rounds
As usual all the above are just my personal opinion/speculation and are NOT financial advises, plz DYOR/DD!