Aramco CEO Sees 110M Barrels Per Day Of Global Oil Demand In 2030
Portfolio Pulse from Benzinga Newsdesk
Aramco's CEO predicts a global oil demand of 110 million barrels per day by 2030. The United States Oil Fund (USO) is mentioned in the article.

September 18, 2023 | 4:49 pm
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The prediction of increased global oil demand by Aramco's CEO could potentially impact the United States Oil Fund (USO).
The United States Oil Fund (USO) is an exchange-traded fund (ETF) that aims to track the price of West Texas Intermediate (WTI) light, sweet crude oil. An increase in global oil demand, as predicted by Aramco's CEO, could lead to a rise in oil prices, which would likely result in a positive impact on USO's performance.
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