USA Gasoline Inventories A Build Of 0.156M Vs A Draw Of 0.897M Est.; Draw Of 2.371M Prior
Portfolio Pulse from Happy Mohamed
USA gasoline inventories have seen a build of 0.156M, contrasting with the estimated draw of 0.897M and the prior draw of 2.371M.
October 25, 2023 | 2:32 pm
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NEUTRAL IMPACT
The unexpected build in gasoline inventories may impact the SPY ETF, which has exposure to the energy sector.
The SPY ETF has exposure to the energy sector. An unexpected build in gasoline inventories could potentially impact the energy sector and therefore the ETF. However, the direct impact is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The unexpected build in gasoline inventories is unlikely to have a direct impact on the UNG ETF, which is focused on natural gas.
The UNG ETF is focused on natural gas, not gasoline. Therefore, an unexpected build in gasoline inventories is unlikely to have a direct impact on this ETF.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 30
NEUTRAL IMPACT
The unexpected build in gasoline inventories may impact the USO ETF, which tracks the performance of crude oil.
The USO ETF tracks the performance of crude oil. An unexpected build in gasoline inventories could potentially impact the oil market and therefore the ETF. However, the direct impact is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60