USA Gasoline Inventories A Draw Of 1.066M Vs A Draw Of 1.577M Est.; Draw Of 0.003M Prior
Portfolio Pulse from Happy Mohamed
USA gasoline inventories have seen a draw of 1.066M, compared to the estimated draw of 1.577M and the prior draw of 0.003M.
July 19, 2023 | 2:32 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The lower than expected draw in gasoline inventories may impact the SPY ETF, which has exposure to the energy sector.
The SPY ETF has exposure to the energy sector. A lower than expected draw in gasoline inventories could indicate a lower demand for gasoline, potentially impacting companies in the energy sector and thus the SPY ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The draw in gasoline inventories may not directly impact the UNG ETF, which is focused on natural gas.
The UNG ETF is focused on natural gas, not gasoline. Therefore, changes in gasoline inventories may not have a direct impact on this ETF.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 30