Geopolitics Alpha

Andrew Bailey’s Bank of England Will Have to Grapple With Crude Economics

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, BWET, EWU, BWX
  • Market reaction: USO −0.9% on the day (still updating); XLE +0.4% on the day (still updating); BWET −10.4% on the day (still updating)

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ENERGYAndrew Bailey’s Bank of EnglandWill Have to Grapple With CrudeEconomicsGEOPOLITICS ALPHA

This report is about oil and tanker shipping.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund-1.1% 30d

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

  • XLE Energy Select Sector SPDR+6.9% 30d

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

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “crude” (tanker shipping) in this story.

  • EWU iShares MSCI United Kingdom ETF-1.8% 16d

    iShares MSCI United Kingdom ETF holds stocks listed in the UK, which this story is about (“england”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in the UK

  • EFA iShares MSCI EAFE ETF-0.7% 6d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes the UK

  • XOM ExxonMobil Holdings-2.7% 17d

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

  • BP BP p.l.c+12.3% 9d

    BP p.l.c (petroleum refining, with business in the UK): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+10.89%+3.88%base-0.95%after closeafter closeafter close
XLE+7.65%-0.44%base+0.37%after closeafter closeafter close
BWET+44.12%+15.72%base-10.42%after closeafter closeafter close
EWU-2.16%-0.91%base-1.16%after closeafter closeafter close
BWX-1.27%-0.37%base-1.09%after closeafter closeafter close
EFA-1.78%-2.18%base-1.08%after closeafter closeafter close
XOM+7.73%+0.33%base-0.21%after closeafter closeafter close
BP+6.74%+0.29%base-0.40%after 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.

Andrew Bailey’s Bank of England Will Have to Grapple With Crude Economics Bloomberg.com

Source: Bloomberg

How far United States Oil Fund (USO) has moved since 10 Nov 2026

CompanyWhenMoveStatus
Bp (BP)that day-0.40%still updating
Bp (BP)three days earlier+0.29%final price
Bp (BP)five days earlier+6.74%final price
Amplify Commodity Trust (BWET)that day-10.42%still updating
Amplify Commodity Trust (BWET)three days earlier+15.72%final price
Amplify Commodity Trust (BWET)five days earlier+44.12%final price
Spdr Series Trust (BWX)that day-1.09%still updating
Spdr Series Trust (BWX)three days earlier-0.37%final price
Spdr Series Trust (BWX)five days earlier-1.27%final price
Ishares Tr (EFA)that day-1.08%still updating
Ishares Tr (EFA)three days earlier-2.18%final price
Ishares Tr (EFA)five days earlier-1.78%final price
Ishares Tr (EWU)that day-1.16%still updating
Ishares Tr (EWU)three days earlier-0.91%final price
Ishares Tr (EWU)five days earlier-2.16%final price
United States Oil Fund (USO)that day-0.95%still updating
United States Oil Fund (USO)three days earlier+3.88%final price
United States Oil Fund (USO)five days earlier+10.89%final price
Select Sector Spdr Tr (XLE)that day+0.37%still updating
Select Sector Spdr Tr (XLE)three days earlier-0.44%final price
Select Sector Spdr Tr (XLE)five days earlier+7.65%final price
ExxonMobil Holdings (XOM)that day-0.21%still updating
ExxonMobil Holdings (XOM)three days earlier+0.33%final price
ExxonMobil Holdings (XOM)five days earlier+7.73%final price

Congressional trades 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).

Who gains and who loses around United States Oil Fund (USO)

Companies carried with this story

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Andrew Bailey’s Bank of England Will Have to Grapple With Crude Economics.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story

  • XLE Select Sector Spdr Tr

    For “Andrew Bailey’s Bank of England Will Have to Grapple With Crude Economics,” 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 “crude” (oil) in this story

  • BWET Amplify Commodity Trust

    For “Andrew Bailey’s Bank of England Will Have to Grapple With Crude Economics,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “crude” (tanker shipping) in this story

  • EWU Ishares Tr

    Ishares Tr (EWU) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Andrew Bailey’s Bank of England Will Have to Grapple With Crude Economics.” Reason on file: iShares MSCI United Kingdom ETF holds stocks listed in the UK, which this story is about (“england”)

  • BWX Spdr Series Trust

    In “Andrew Bailey’s Bank of England Will Have to Grapple With Crude Economics,” Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence. Reason on file: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in the UK

  • EFA Ishares Tr

    Ishares Tr (EFA) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Andrew Bailey’s Bank of England Will Have to Grapple With Crude Economics.” Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes the UK

  • XOM ExxonMobil Holdings

    In “Andrew Bailey’s Bank of England Will Have to Grapple With Crude Economics,” 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 “crude” (oil) in this story

  • BP Bp

    In “Andrew Bailey’s Bank of England Will Have to Grapple With Crude Economics,” Bp (BP) is linked, with no stored direction, medium confidence. Reason on file: BP p.l.c (petroleum refining, with business in the UK): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story

How energy news reaches United States Oil Fund (USO)

On 10 Nov 2026, “Andrew Bailey’s Bank of England Will Have to Grapple With Crude Economics” 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 “crude” (oil) in this story

Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “crude” (oil) in this story

The price range for United States Oil Fund (USO), and the dates in the story

BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.

The energy score for United States Oil Fund (USO)

46 out of 100Price not final

“Andrew Bailey’s Bank of England Will Have to Grapple With Crude Economics” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.