'Saudi Arabia, Russia Ties Under Strain Over Oil-Production Cuts' - WSJ
Portfolio Pulse from Happy Mohamed
Saudi Arabia and Russia are experiencing strained relations due to disagreements over oil-production cuts, potentially impacting global oil prices and related ETFs.
May 27, 2023 | 6:08 pm
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NEUTRAL IMPACT
Strained relations between Saudi Arabia and Russia over oil-production cuts may lead to market volatility, potentially impacting SPY.
The strained relations between Saudi Arabia and Russia may lead to market volatility due to uncertainty in global oil prices. As SPY is a broad market ETF, it may be indirectly affected by these fluctuations.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Disagreements between Saudi Arabia and Russia over oil-production cuts could lead to fluctuations in global oil prices, directly impacting USO.
USO is an ETF that tracks the performance of West Texas Intermediate crude oil. The strained relations between Saudi Arabia and Russia over oil-production cuts could lead to fluctuations in global oil prices, directly impacting USO.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Strained relations between Saudi Arabia and Russia over oil-production cuts may impact European markets, indirectly affecting VGK.
VGK is an ETF that tracks the performance of European stocks. The strained relations between Saudi Arabia and Russia over oil-production cuts may impact European markets due to potential fluctuations in global oil prices, indirectly affecting VGK.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60