Gasoline Production A Build Of 35K Vs Build Of 45K Expected
Portfolio Pulse from Benzinga Newsdesk
The gasoline production has seen a build of 35K, which is less than the expected build of 45K.
July 26, 2023 | 2:30 pm
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NEUTRAL IMPACT
The United States Natural Gas Fund (UNG) may be indirectly affected by the lower than expected build in gasoline production.
While UNG is not directly linked to gasoline production, changes in the energy market, such as a lower than expected build in gasoline production, can have indirect effects on the price of natural gas and therefore on UNG.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50