Saudi Arabia Plans Multi-Billion Dollar Aramco Share Sale As Soon As June; Saudi Aramco Share Sale Could Raise $10B, Source Says
Portfolio Pulse from Benzinga Newsdesk
Saudi Arabia is planning a multi-billion dollar share sale of Saudi Aramco as soon as June, which could raise $10 billion according to sources.
May 24, 2024 | 3:12 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The planned multi-billion dollar share sale of Saudi Aramco could impact the United States Oil Fund (USO) due to potential fluctuations in oil prices.
The sale of a significant portion of Saudi Aramco shares could lead to changes in market perception and oil prices, which in turn could affect the United States Oil Fund (USO). However, the direct impact on USO is uncertain and depends on broader market reactions.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50