USA Gasoline Inventories A Build Of 0.479M Vs A Build Of 1.091M Est.; Build Of 2.108M Prior
Portfolio Pulse from Happy Mohamed
USA gasoline inventories reported a build of 0.479 million, lower than the estimated 1.091 million and the prior build of 2.108 million.
June 22, 2023 | 3:04 pm
News sentiment analysis
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NEUTRAL IMPACT
Lower gasoline inventory build may impact SPY as it reflects the overall market sentiment.
The lower gasoline inventory build may have a neutral impact on SPY as it is an ETF that tracks the overall market. The news may not have a direct impact on the ETF, but it could influence market sentiment.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The lower gasoline inventory build may not have a direct impact on UNG, as it focuses on natural gas.
UNG is an ETF that focuses on natural gas, and the news about gasoline inventories may not have a direct impact on it. However, it could still be influenced by the overall energy market sentiment.
CONFIDENCE 85
IMPORTANCE 25
RELEVANCE 25