USA Gasoline Inventories A Draw Of 2.666M Vs A Draw Of 0.950M Est.; Draw Of 0.214M Prior
Portfolio Pulse from Happy Mohamed
USA gasoline inventories have seen a draw of 2.666 million, compared to an estimated draw of 0.950 million and a prior draw of 0.214 million.
September 07, 2023 | 3:03 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The larger than expected draw in gasoline inventories may impact the SPY ETF, which has exposure to the energy sector.
The SPY ETF has exposure to the energy sector. A larger than expected draw in gasoline inventories could indicate higher demand or lower supply, potentially impacting energy companies and thus the ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The draw in gasoline inventories is not directly related to natural gas and thus is unlikely to have a significant impact on the UNG ETF.
The UNG ETF is focused on natural gas, not gasoline. Therefore, changes in gasoline inventories are unlikely to have a significant impact on this ETF.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
The larger than expected draw in gasoline inventories could potentially impact the USO ETF, which is focused on oil.
The USO ETF is focused on oil, a key component of gasoline. A larger than expected draw in gasoline inventories could indicate higher demand or lower supply for oil, potentially impacting this ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60