Kremlin Said We Stick To Our Agreements Within OPEC+
Portfolio Pulse from Charles Gross
The Kremlin has announced that it will adhere to its agreements within the OPEC+ alliance. This comes amidst global concerns about oil supply and prices.
September 28, 2023 | 10:26 am
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NEUTRAL IMPACT
The United States Oil Fund (USO) could be affected by the Kremlin's commitment to OPEC+ agreements, as it may influence global oil supply and prices.
The Kremlin's commitment to OPEC+ agreements could influence global oil supply and prices, which would directly impact the performance of the United States Oil Fund (USO). However, the exact impact is uncertain and will depend on future actions and market responses.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could be indirectly affected by the Kremlin's commitment to OPEC+ agreements, as it may influence European energy markets.
The Kremlin's commitment to OPEC+ agreements could influence European energy markets, which would indirectly impact the performance of the Vanguard FTSE Europe ETF (VGK). However, the exact impact is uncertain and will depend on future actions and market responses.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50