Russia's Deputy PM Novak Says Russia Agreed With OPEC+ On Further Actions
Portfolio Pulse from Happy Mohamed
Russia's Deputy PM Novak has announced that Russia has agreed with OPEC+ on further actions. This could potentially impact the global oil market.
August 31, 2023 | 2:55 pm
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NEUTRAL IMPACT
The agreement between Russia and OPEC+ could potentially impact the global oil market, which may indirectly affect SPY.
While SPY is not directly involved in the agreement, it could be affected due to its exposure to the energy sector. The impact will depend on the specifics of the agreement and how it affects oil prices.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The agreement between Russia and OPEC+ could potentially impact the global oil market, which may directly affect USO.
USO, being an ETF that tracks the performance of crude oil, could be directly affected by the agreement. The impact will depend on the specifics of the agreement and how it affects oil prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The agreement between Russia and OPEC+ could potentially impact the global oil market, which may indirectly affect VGK.
While VGK is not directly involved in the agreement, it could be affected due to its exposure to the energy sector. The impact will depend on the specifics of the agreement and how it affects oil prices.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50