EIA Weekly Distillates Stocks A Build Of 0.433M Vs A Draw Of 0.001M Est.; Build Of 2.123M Est
Portfolio Pulse from Happy Mohamed
The EIA reported a weekly distillates stocks build of 0.433 million barrels, compared to an estimated draw of 0.001 million barrels and a build of 2.123 million barrels estimated.
June 22, 2023 | 3:02 pm
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NEUTRAL IMPACT
EIA's unexpected distillates stocks build of 0.433M barrels may impact the broader market, including SPY.
The EIA's report of an unexpected build in distillates stocks may have a neutral impact on the broader market, including SPY. The news is not directly related to SPY, but it could influence investor sentiment and market dynamics.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
EIA's distillates stocks build report may not have a direct impact on UNG, as it focuses on natural gas.
The EIA's distillates stocks build report is not directly related to natural gas, which is the focus of UNG. Therefore, the impact on UNG is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 25
RELEVANCE 25
NEUTRAL IMPACT
EIA's unexpected distillates stocks build of 0.433M barrels may have a short-term impact on USO, as it tracks oil prices.
The EIA's report of an unexpected build in distillates stocks may have a short-term impact on USO, as it tracks oil prices. The news could influence investor sentiment and market dynamics, leading to a neutral impact on USO.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 75