Geopolitics Alpha

Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, BWET, EWZ, XOM
  • Market reaction: XLE +1.6% on the day; USO +0.1% on the day; BWET +4.9% on the day

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ENERGYBrazil, Venezuela Vow to UpgradeTies With Oil Investment TalksGEOPOLITICS 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

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

  • XLE Energy Select Sector SPDR

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

  • BWET Breakwave Tanker Shipping ETF

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

  • EWZ iShares MSCI Brazil ETF

    iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”).

  • XOM ExxonMobil Holdings

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

  • FRO Frontline

    Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) in this story.

  • CVX Chevron

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

  • DHT DHT Holdings

    DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+2.78%+4.95%base+0.08%after closeafter closeafter close
XLE+2.11%-0.95%base+1.59%after closeafter closeafter close
BWET+35.67%+29.19%base+4.90%after closeafter closeafter close
EWZ+0.37%-0.44%base+0.93%after closeafter closeafter close
XOM+3.07%+0.89%base+1.13%after closeafter closeafter close
FRO+10.52%+3.52%base+3.59%after closeafter closeafter close
CVX+2.73%+0.67%base+0.70%after closeafter closeafter close
DHT+6.01%-0.62%base+4.01%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.

Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks Bloomberg.com

Source: Bloomberg

How far United States Oil Fund (USO) has moved since 11 Nov 2026

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)that day+4.90%final price
Amplify Commodity Trust (BWET)three days earlier+29.19%final price
Amplify Commodity Trust (BWET)five days earlier+35.67%final price
Chevron (CVX)that day+0.70%final price
Chevron (CVX)three days earlier+0.67%final price
Chevron (CVX)five days earlier+2.73%final price
DHTthat day+4.01%final price
DHTthree days earlier-0.62%final price
DHTfive days earlier+6.01%final price
Ishares Msci Brazil Etf (EWZ)that day+0.93%final price
Ishares Msci Brazil Etf (EWZ)three days earlier-0.44%final price
Ishares Msci Brazil Etf (EWZ)five days earlier+0.37%final price
FROthat day+3.59%final price
FROthree days earlier+3.52%final price
FROfive days earlier+10.52%final price
United States Oil Fund (USO)that day+0.08%final price
United States Oil Fund (USO)three days earlier+4.95%final price
United States Oil Fund (USO)five days earlier+2.78%final price
Select Sector Spdr Tr (XLE)that day+1.59%final price
Select Sector Spdr Tr (XLE)three days earlier-0.95%final price
Select Sector Spdr Tr (XLE)five days earlier+2.11%final price
ExxonMobil Holdings (XOM)that day+1.13%final price
ExxonMobil Holdings (XOM)three days earlier+0.89%final price
ExxonMobil Holdings (XOM)five days earlier+3.07%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 collects and who pays in energy

Companies tied to this story

  • USO United States Oil Fund

    For “Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks,” 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

    For “Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks,” 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

  • BWET Amplify Commodity Trust

    Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story

  • EWZ Ishares Msci Brazil Etf

    Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks.” Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)

  • XOM ExxonMobil Holdings

    In “Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks,” 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

    For “Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks,” 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

  • COP Conocophillips

    For “Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks,” 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

  • PBR Petrobras - Petroleo Brasileiro

    For “Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks,” Petrobras - Petroleo Brasileiro (PBR) is linked, with no stored direction, medium confidence. Reason on file: Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas, with business in Brazil): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

How energy news reaches United States Oil Fund (USO)

“Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks” (11 Nov 2026) reaches United States Oil Fund (USO) through Energy.

What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

Also listed, Select Sector Spdr Tr (XLE): 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)

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.

What the saved facts support for United States Oil Fund (USO)

46 out of 100

“Brazil, Venezuela Vow to Upgrade Ties With Oil Investment Talks” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.