EIA Weekly Distillates Stocks A Build Of 0.679M Vs A Build Of 0.239M Est.; Build Of 1.235M Prior
Portfolio Pulse from Happy Mohamed
The Energy Information Administration (EIA) reported a build of 0.679M in weekly distillates stocks, higher than the estimated build of 0.239M and lower than the prior build of 1.235M.
September 07, 2023 | 3:02 pm
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NEUTRAL IMPACT
The SPY ETF, which includes energy stocks, may be impacted by the higher than expected build in distillates stocks.
The SPY ETF includes energy stocks, which can be influenced by changes in distillates stocks. However, the impact may be mitigated by the diversified nature of the ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The UNG ETF, which tracks natural gas futures, is unlikely to be directly impacted by the build in distillates stocks.
The UNG ETF tracks natural gas futures, which are not directly influenced by distillates stocks. Therefore, the impact on UNG is expected to be minimal.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 30
NEUTRAL IMPACT
The USO ETF, which tracks oil futures, may be impacted by the higher than expected build in distillates stocks.
The USO ETF tracks oil futures, which can be influenced by changes in distillates stocks. However, the impact may be mitigated by other factors affecting oil prices.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50