USA Natural Gas Storage 99B Vs 108B Est.; 78B Prior
Portfolio Pulse from Happy Mohamed
USA Natural Gas Storage reported 99B, lower than the estimated 108B and higher than the prior 78B.
May 18, 2023 | 2:31 pm
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NEUTRAL IMPACT
SPDR S&P 500 ETF Trust (SPY) may experience minor impact from the natural gas storage report.
The SPDR S&P 500 ETF Trust (SPY) is a broad market ETF, and while the natural gas storage report may have some impact on the energy sector, it is unlikely to have a significant impact on the overall performance of the ETF in the short term.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 40
NEUTRAL IMPACT
United States Natural Gas Fund (UNG) may be impacted by the lower-than-expected natural gas storage report.
The United States Natural Gas Fund (UNG) is an ETF that tracks the performance of natural gas. The lower-than-expected storage report may cause some short-term price fluctuations, but it is not a strong enough factor to determine a clear price direction.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80