USA Gasoline Inventories A Build Of 1.467M Vs A Draw Of 0.888M Est.; Draw Of 0.261M Prior
Portfolio Pulse from Benzinga Newsdesk
USA gasoline inventories have seen a build of 1.467M, contrasting with the estimated draw of 0.888M and the prior draw of 0.261M.
August 23, 2023 | 2:31 pm
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NEUTRAL IMPACT
The unexpected build in gasoline inventories may impact the energy sector, potentially affecting the SPY ETF.
The unexpected build in gasoline inventories indicates a lower demand for gasoline than anticipated, which could impact the energy sector. As SPY ETF includes energy companies, it could be indirectly affected.
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