Russia's Local Parliamentary Deputy Says Explosion Reported At Oil Refinery In Russia's Samara
Portfolio Pulse from Happy Mohamed
An explosion has been reported at an oil refinery in Russia's Samara, according to a local parliamentary deputy. The impact on global oil prices and related assets is yet to be determined.
July 28, 2023 | 2:03 pm
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NEUTRAL IMPACT
The explosion at the Russian oil refinery may cause fluctuations in global oil prices, potentially impacting the SPY ETF, which has exposure to the energy sector.
The SPY ETF has exposure to the energy sector. Any significant changes in global oil prices, potentially caused by this explosion, could impact the value of this ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The explosion at the Russian oil refinery could cause a shift in global oil prices, which would directly impact the USO ETF, as it tracks the price of oil.
The USO ETF directly tracks the price of oil. Any significant changes in global oil prices, potentially caused by this explosion, could directly impact the value of this ETF.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
NEUTRAL IMPACT
The explosion at the Russian oil refinery may cause fluctuations in global oil prices, potentially impacting the VGK ETF, which has exposure to the energy sector.
The VGK ETF has exposure to the energy sector. Any significant changes in global oil prices, potentially caused by this explosion, could impact the value of this ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50