OPEC Nations Likely To Act As Short Selling Mounts
Portfolio Pulse from Benzinga Newsdesk
OPEC nations are likely to take action as short selling mounts, according to a Reuters report citing Stanchart. The US-listed ETF USO may be impacted by this news.
May 22, 2023 | 3:03 pm
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NEUTRAL IMPACT
The US-listed ETF USO may be affected by OPEC nations' potential actions in response to increasing short selling.
The news suggests that OPEC nations may take action in response to short selling, which could impact oil prices and subsequently the USO ETF. However, the exact nature of the actions and their potential effects on USO are not clear, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75