Geopolitics Alpha

Ahead of election, oil and gas prices take a breather

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, UNG, XOM, CVX
  • Market reaction: price tracking starts with the next trading session.

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ENERGYAhead of election, oil and gasprices take a breatherGEOPOLITICS ALPHA

This report is about oil and natural gas.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+8.9% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+8.9% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • UNG United States Natural Gas Fund-17.0% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas prices” (natural gas) in this story.

  • XOM ExxonMobil Holdings+6.2% 16d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron+12.5% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • EQT Eqt+3.2% 30d

    Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “gas prices” (natural gas) in this story.

  • LNG Cheniere Energy+14.1% 30d

    Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas prices” (natural gas) in this story.

  • COP ConocoPhillips+4.8% 30d

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+4.37%+7.30%baseafter closeafter closeafter closeafter close
XLE+1.44%+2.16%baseafter closeafter closeafter closeafter close
UNG+6.94%+1.94%baseafter closeafter closeafter closeafter close
XOM+0.06%+1.89%baseafter closeafter closeafter closeafter close
CVX+0.19%+1.58%baseafter closeafter closeafter closeafter close
EQT+2.63%-0.55%baseafter closeafter closeafter closeafter close
LNG-3.81%+2.35%baseafter closeafter closeafter closeafter close
COP+0.74%+2.12%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Ahead of election, oil and gas prices take a breather TheStreet

Source: TheStreet

United States Oil Fund (USO) since this story, compared with the market

CompanyWhenMoveStatus
Conocophillips (COP)three days earlier+2.12%final price
Conocophillips (COP)five days earlier+0.74%final price
Chevron (CVX)three days earlier+1.58%final price
Chevron (CVX)five days earlier+0.19%final price
Eqt (EQT)three days earlier-0.55%final price
Eqt (EQT)five days earlier+2.63%final price
Cheniere Energy (LNG)three days earlier+2.35%final price
Cheniere Energy (LNG)five days earlier-3.81%final price
United States Natural Gas Fund (UNG)three days earlier+1.94%final price
United States Natural Gas Fund (UNG)five days earlier+6.94%final price
United States Oil Fund (USO)three days earlier+7.30%final price
United States Oil Fund (USO)five days earlier+4.37%final price
Select Sector Spdr Tr (XLE)three days earlier+2.16%final price
Select Sector Spdr Tr (XLE)five days earlier+1.44%final price
ExxonMobil Holdings (XOM)three days earlier+1.89%final price
ExxonMobil Holdings (XOM)five days earlier+0.06%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

United States Oil Fund (USO) on one side of this energy story

Companies carried with this story

  • USO United States Oil Fund

    In “Ahead of election, oil and gas prices take a breather,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    In “Ahead of election, oil and gas prices take a breather,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • UNG United States Natural Gas Fund

    In “Ahead of election, oil and gas prices take a breather,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas prices” (natural gas) in this story

  • XOM ExxonMobil Holdings

    In “Ahead of election, oil and gas prices take a breather,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • CVX Chevron

    In “Ahead of election, oil and gas prices take a breather,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • EQT Eqt

    In “Ahead of election, oil and gas prices take a breather,” Eqt (EQT) is linked, with no stored direction, medium confidence. Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “gas prices” (natural gas) in this story

  • LNG Cheniere Energy

    In “Ahead of election, oil and gas prices take a breather,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas prices” (natural gas) in this story

  • COP Conocophillips

    In “Ahead of election, oil and gas prices take a breather,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

United States Oil Fund (USO) and the energy link

On 3 Nov 2026, “Ahead of election, oil and gas prices take a breather” is the story that connects United States Oil Fund (USO) to Energy.

For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

Dates and price levels for United States Oil Fund (USO)

UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.01. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 156.89. XLE traded between 62.95 and 70.15 across 20 sessions. The latest close on file is 67.26.

The energy score for United States Oil Fund (USO)

46 out of 100

“Ahead of election, oil and gas prices take a breather” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.