Israel PM Netanyahu Haven't Made Any Decision About Allowing Fuel Into Gaza
Portfolio Pulse from Benzinga Newsdesk
Israeli Prime Minister Netanyahu has not made any decision about allowing fuel into Gaza, according to Reuters. The situation could potentially affect the energy sector and related ETFs.
November 02, 2023 | 3:41 pm
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NEUTRAL IMPACT
The iShares MSCI Israel ETF (EIS) could be affected by the decision on fuel supply to Gaza.
The decision on fuel supply to Gaza could have implications for the Israeli economy and, by extension, the EIS ETF which tracks the performance of the Israeli stock market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could see some impact due to potential changes in the energy sector.
The decision on fuel supply to Gaza could have ripple effects on the global energy market, which could in turn affect the SPY ETF that tracks the S&P 500 index, including energy companies.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The United States Oil Fund (USO) could be impacted by the decision on fuel supply to Gaza.
The decision on fuel supply to Gaza could affect the oil market, and by extension, the USO ETF which tracks the performance of the price of light, sweet crude oil.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80