Deputy Minister Says Iraq Expects To Hold Talks On Ceyhan Pipeline June 19
Portfolio Pulse from Benzinga Newsdesk
Iraq's Deputy Minister announced that the country expects to hold talks on the Ceyhan pipeline on June 19. This may affect the SPY and USO ETFs.
June 14, 2023 | 2:50 pm
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NEUTRAL IMPACT
The Ceyhan pipeline talks may impact the SPY ETF, as it tracks the performance of the S&P 500, which includes energy companies.
The Ceyhan pipeline talks may have an indirect impact on the SPY ETF, as it tracks the performance of the S&P 500, which includes energy companies. However, the extent of the impact will depend on the outcome of the talks and the market's reaction.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The Ceyhan pipeline talks may impact the USO ETF, as it invests in oil futures contracts and the pipeline is a key oil transportation route.
The Ceyhan pipeline talks may have a direct impact on the USO ETF, as it invests in oil futures contracts and the pipeline is a key oil transportation route. The outcome of the talks and the market's reaction will determine the extent of the impact on the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75