EIA Weekly Distillates Stocks A Draw Of 1.686M Vs A Draw Of 1.168M Est.; Draw Of 3.185M Prior
Portfolio Pulse from Benzinga Newsdesk
The Energy Information Administration (EIA) reported a draw of 1.686 million barrels in weekly distillates stocks, compared to an estimated draw of 1.168 million barrels and a prior draw of 3.185 million barrels.
October 25, 2023 | 2:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The SPY ETF, which includes energy sector stocks, may be impacted by the EIA's report of a higher than expected draw in distillates stocks.
The SPY ETF includes energy sector stocks, which may be influenced by changes in distillates stocks. However, the ETF is diversified across many sectors, so the impact may be limited.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The UNG ETF, which tracks natural gas futures, is not directly impacted by the EIA's distillates stocks report.
The UNG ETF tracks natural gas futures, not distillates stocks. Therefore, the EIA's report on distillates stocks does not directly impact this ETF.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
The USO ETF, which tracks oil futures, may be indirectly impacted by the EIA's distillates stocks report.
The USO ETF tracks oil futures, which can be influenced by changes in distillates stocks. However, the impact is indirect and may be influenced by other factors.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50