White House's Kirby Says U.S. To Continue Work With Producers, Consumers To Ensure Energy Market Promotes Growth After Saudi Decision On Oil Production
Portfolio Pulse from Benzinga Newsdesk
The White House has announced that it will continue to work with producers and consumers to ensure the energy market promotes growth, following Saudi Arabia's decision on oil production. This could potentially impact the prices of oil and related ETFs.
August 04, 2023 | 2:17 pm
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NEUTRAL IMPACT
The SPY ETF, which has exposure to energy companies, could be impacted by the White House's decision to work with producers and consumers for energy market growth.
The SPY ETF has exposure to energy companies. Any changes in the energy market, such as those resulting from the White House's decision to work with producers and consumers, could potentially impact the ETF's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The USO ETF, which tracks the price of oil, could be impacted by the White House's decision to work with producers and consumers for energy market growth.
The USO ETF tracks the price of oil. Any changes in the energy market, such as those resulting from the White House's decision to work with producers and consumers, could potentially impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70