USA Natural Gas Storage 41B Vs 40B Est.; 49B Prior
Portfolio Pulse from Happy Mohamed
The USA Natural Gas Storage reported a 41B figure, slightly above the estimated 40B and below the prior figure of 49B.
July 20, 2023 | 2:30 pm
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NEUTRAL IMPACT
The SPY ETF, which includes energy sector stocks, may be indirectly affected by the natural gas storage data.
The SPY ETF includes energy sector stocks, which can be influenced by natural gas storage data. However, the impact is indirect and depends on other factors as well.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The UNG ETF, which tracks natural gas futures, may be directly affected by the natural gas storage data.
The UNG ETF tracks natural gas futures, which can be directly influenced by natural gas storage data. However, the impact also depends on other market factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80