USA Natural Gas Storage 64B Vs 67B Est.; 57B Prior
Portfolio Pulse from Benzinga Newsdesk
USA Natural Gas Storage reported a figure of 64B, which is lower than the estimated 67B and higher than the prior figure of 57B.
September 21, 2023 | 2:30 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be indirectly affected by the natural gas storage data as it includes energy companies.
The SPY ETF includes energy companies, which can be influenced by natural gas storage data. However, the impact is indirect and depends on other factors as well.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The UNG ETF, which tracks natural gas futures, may be directly impacted by the natural gas storage data.
The UNG ETF directly tracks natural gas futures, making it highly susceptible to changes in natural gas storage data.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
The USO ETF, which tracks oil futures, may be indirectly affected by the natural gas storage data as natural gas and oil markets are often correlated.
The USO ETF tracks oil futures, which can be influenced by natural gas storage data due to the correlation between natural gas and oil markets. However, the impact is indirect and depends on other factors as well.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60