Asian Refiners Turn Back to Gulf Oil Despite War Risks
Published . Updated .
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
This report is about refining and oil. Names like XOM typically gain because exxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refiner” (refining) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story.
- XLE Energy Select Sector SPDR+7.5% 30d
Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refiner” (refining) in this story.
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- ITA iShares U.S. Aerospace & Defense ETF+1.2% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- AAXJ iShares MSCI All Country Asia ex Japan ETF-9.5% 8d
iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asian”).
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refiner” (refining) in this story.
- VLO Valero Energy-11.1% 30d
Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refiner” (refining) in this story.
- MPC Marathon Petroleum+2.5% 17d
Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refiner” (refining) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CRAK | -3.84% | -2.73% | base | after close | after close | after close | after close |
| XLE | -4.15% | -3.23% | base | after close | after close | after close | after close |
| USO | +1.59% | -3.20% | base | after close | after close | after close | after close |
| ITA | -3.72% | +1.00% | base | after close | after close | after close | after close |
| AAXJ | -3.17% | -1.05% | base | after close | after close | after close | after close |
| XOM | -2.28% | -3.14% | base | after close | after close | after close | after close |
| VLO | -7.63% | -6.50% | base | after close | after close | after close | after close |
| MPC | -9.68% | -5.62% | base | after close | after close | after close | after 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.
Asian Refiners Turn Back to Gulf Oil Despite War Risks Crude Oil Prices Today | OilPrice.com
Energy
| Company | When | Move | Status |
|---|---|---|---|
| AAXJ | three days earlier | -1.05% | final price |
| AAXJ | five days earlier | -3.17% | final price |
| CRAK | three days earlier | -2.73% | final price |
| CRAK | five days earlier | -3.84% | final price |
| ITA | three days earlier | +1.00% | final price |
| ITA | five days earlier | -3.72% | final price |
| MPC | three days earlier | -5.62% | final price |
| MPC | five days earlier | -9.68% | final price |
| USO | three days earlier | -3.20% | final price |
| USO | five days earlier | +1.59% | final price |
| VLO | three days earlier | -6.50% | final price |
| VLO | five days earlier | -7.63% | final price |
| XLE | three days earlier | -3.23% | final price |
| XLE | five days earlier | -4.15% | final price |
| XOM | three days earlier | -3.14% | final price |
| XOM | five days earlier | -2.28% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 30 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 74 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 15 Oct 2026. That is 29 days before publication. Filed 29 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 52 days before publication. Filed 1 Oct 2026. View the filing.
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).
How solid “Asian Refiners Turn Back to Gulf Oil Despite War Risks” looks
12 out of 100
“Asian Refiners Turn Back to Gulf Oil Despite War Risks” scores 12 out of 100. The score uses 1 sources.