Geopolitics Alpha

Aviation Industry Under Pressure: Jet Fuel Prices Double, High Interest Rates Weigh on Demand - News and Statistics

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, JETS, TLT, XOM
  • Market reaction: XLE −0.7% on the day (still updating); USO +0.2% on the day (still updating); COP −1.9% on the day (still updating)

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GEOPOLITICS ALPHAAviation Industry Under Pressure:Jet Fuel Prices Double, HighInterest Rates Weigh on Demand -…GEOPOLITICS ALPHA

This report is about oil and airlines.

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 “fuel prices” (oil) in this story.

  • XLE Energy Select Sector SPDR+8.9% 30d

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

  • JETS U.S. Global Jets ETF-2.7% 30d

    U.S. Global Jets ETF: it holds airlines. Linked by “jet fuel” (airlines) in this story.

  • TLT iShares 20+ Year Treasury Bond ETF-1.6% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “interest rates” (US interest rates) in this story.

  • XOM ExxonMobil Holdings+6.2% 16d

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

  • CVX Chevron+12.5% 30d

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

  • COP ConocoPhillips+4.8% 30d

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

  • SHEL Shell-2.5% 12d

    Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “fuel prices” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+4.37%+7.30%base+0.25%after closeafter closeafter close
XLE+1.44%+2.16%base-0.66%after closeafter closeafter close
JETS-3.72%-2.10%base-1.19%after closeafter closeafter close
TLT-0.10%-0.30%base-0.70%after closeafter closeafter close
XOM+0.06%+1.89%base-1.13%after closeafter closeafter close
CVX+0.19%+1.58%base-0.84%after closeafter closeafter close
COP+0.74%+2.12%base-1.95%after closeafter closeafter close
SHEL-0.17%+2.59%base-0.82%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.

Aviation Industry Under Pressure: Jet Fuel Prices Double, High Interest Rates Weigh on Demand - News and Statistics IndexBox

Source: IndexBox

How far United States Oil Fund (USO) has moved since 3 Nov 2026

CompanyWhenMoveStatus
Conocophillips (COP)that day-1.95%still updating
Conocophillips (COP)three days earlier+2.12%final price
Conocophillips (COP)five days earlier+0.74%final price
Chevron (CVX)that day-0.84%still updating
Chevron (CVX)three days earlier+1.58%final price
Chevron (CVX)five days earlier+0.19%final price
U.S. Global Jets Etf (JETS)that day-1.19%still updating
U.S. Global Jets Etf (JETS)three days earlier-2.10%final price
U.S. Global Jets Etf (JETS)five days earlier-3.72%final price
Shell (SHEL)that day-0.82%still updating
Shell (SHEL)three days earlier+2.59%final price
Shell (SHEL)five days earlier-0.17%final price
Ishares Tr (TLT)that day-0.70%still updating
Ishares Tr (TLT)three days earlier-0.30%final price
Ishares Tr (TLT)five days earlier-0.10%final price
United States Oil Fund (USO)that day+0.25%still updating
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)that day-0.66%still updating
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)that day-1.13%still updating
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).

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

Companies tied to this story

  • USO United States Oil Fund

    In “Aviation Industry Under Pressure: Jet Fuel Prices Double, High Interest Rates Weigh on Demand - News and Statistics,” 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 “fuel prices” (oil) in this story

  • XLE Select Sector Spdr Tr

    For “Aviation Industry Under Pressure: Jet Fuel Prices Double, High Interest Rates Weigh on Demand - News and Statistics,” 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 “fuel prices” (oil) in this story

  • JETS U.S. Global Jets Etf

    U.S. Global Jets Etf (JETS) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Aviation Industry Under Pressure: Jet Fuel Prices Double, High Interest Rates Weigh on Demand - News and Statistics.” Reason on file: U.S. Global Jets ETF: it holds airlines. Linked by “jet fuel” (airlines) in this story

  • TLT Ishares Tr

    In “Aviation Industry Under Pressure: Jet Fuel Prices Double, High Interest Rates Weigh on Demand - News and Statistics,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “interest rates” (US interest rates) in this story

  • XOM ExxonMobil Holdings

    For “Aviation Industry Under Pressure: Jet Fuel Prices Double, High Interest Rates Weigh on Demand - News and Statistics,” 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 “fuel prices” (oil) in this story

  • CVX Chevron

    For “Aviation Industry Under Pressure: Jet Fuel Prices Double, High Interest Rates Weigh on Demand - News and Statistics,” 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 “fuel prices” (oil) in this story

  • COP Conocophillips

    In “Aviation Industry Under Pressure: Jet Fuel Prices Double, High Interest Rates Weigh on Demand - News and Statistics,” 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 “fuel prices” (oil) in this story

  • SHEL Shell

    For “Aviation Industry Under Pressure: Jet Fuel Prices Double, High Interest Rates Weigh on Demand - News and Statistics,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “fuel prices” (oil) in this story

United States Oil Fund (USO)

On 3 Nov 2026, “Aviation Industry Under Pressure: Jet Fuel Prices Double, High Interest Rates Weigh on Demand - News and Statistics” is the story that connects United States Oil Fund (USO) to this story.

United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “fuel prices” (oil) in this story

Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “fuel prices” (oil) in this story

Dates in the story, and the United States Oil Fund (USO) price range

JETS traded between 25.57 and 28.64 across 20 sessions. The latest close on file is 27.04. 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.

How strong the case is around United States Oil Fund (USO)

46 out of 100Price not final

“Aviation Industry Under Pressure: Jet Fuel Prices Double, High Interest Rates Weigh on Demand - News and Statistics” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.