USA Natural Gas Storage 79B Vs 80B Est.; 74B Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Natural Gas Storage reported a figure of 79B, slightly below the estimated 80B and higher than the previous 74B.
November 02, 2023 | 2:30 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may see indirect effects as energy stocks react to the natural gas storage data.
The SPY ETF tracks a broad range of stocks, including energy stocks. While the natural gas storage data may impact energy stocks, the effect on the overall ETF may be diluted due to its diversified nature.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The UNG ETF, which tracks natural gas futures, may see direct effects from the natural gas storage data.
The UNG ETF directly tracks natural gas futures. The natural gas storage data is a key indicator for natural gas prices and can directly impact the value of this ETF.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
The USO ETF, which tracks oil futures, may see indirect effects from the natural gas storage data.
The USO ETF tracks oil futures. While natural gas storage data can impact the broader energy market, its direct impact on oil prices and this ETF may be limited.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50