White House National Security Adviser Says U.S. In Regular Contact With Saudi Officials About Ensuring A Stable And Affordable Supply Of Energy
Portfolio Pulse from Benzinga Newsdesk
The White House National Security Adviser has stated that the U.S. is in regular contact with Saudi officials to ensure a stable and affordable supply of energy, according to Reuters.
September 15, 2023 | 6:07 pm
News sentiment analysis
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NEUTRAL IMPACT
The news may indirectly affect SPY as it tracks the S&P 500, which includes energy companies that could be impacted by changes in energy supply.
While SPY is not directly involved, it tracks the S&P 500 which includes energy companies. Any significant changes in energy supply could impact these companies and thus SPY.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The news could directly impact USO, an ETF that tracks the performance of West Texas Intermediate light, sweet crude oil.
USO directly tracks the performance of crude oil. Regular talks between the U.S. and Saudi Arabia on energy supply could impact the price of crude oil and thus USO.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80