EIA Weekly Distillates Stocks A Build Of 0.014M Vs A Build Of 0.460M Est.; Build Of 4.815M Prior
Portfolio Pulse from Happy Mohamed
The Energy Information Administration (EIA) reported a weekly distillates stocks build of 0.014M, which is significantly lower than the estimated build of 0.460M and the prior build of 4.815M.
July 19, 2023 | 2:32 pm
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NEUTRAL IMPACT
The lower than expected distillates stocks build could impact the energy sector and thus the SPY ETF, which includes energy companies.
The SPY ETF includes energy companies. A lower than expected distillates stocks build could indicate a lower demand for energy, potentially impacting the energy sector and thus the SPY ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The lower than expected distillates stocks build could impact the natural gas sector and thus the UNG ETF.
The UNG ETF tracks the natural gas sector. A lower than expected distillates stocks build could indicate a lower demand for energy, potentially impacting the natural gas sector and thus the UNG ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The lower than expected distillates stocks build could impact the oil sector and thus the USO ETF.
The USO ETF tracks the oil sector. A lower than expected distillates stocks build could indicate a lower demand for energy, potentially impacting the oil sector and thus the USO ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50