Brent crude falls below $100 a barrel for first time in month as European gas prices drop
Published . Updated .
Key takeaways
- US crude declines 4.43% to $91.85 a barrel, while European benchmark natural gas futures fall 4.59% amid diplomatic efforts to ease US-Iran tensions | Anadolu
- Exposed: USO, XLE, UNG, BWET, VGK
- Market reaction: USO −4.8% on the day (still updating); XLE −3.7% on the day (still updating); BWET −13.7% on the day (still updating)
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US crude declines 4.43% to $91.85 a barrel, while European benchmark natural gas futures fall 4.59% amid diplomatic efforts to ease US-Iran tensions | Anadolu
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+6.3% 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.
- UNG United States Natural Gas Fund-16.0% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas prices” (natural gas) 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.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”).
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
- CVX Chevron+9.6% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
- OXY Occidental Petroleum+10.3% 18d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +5.38% | +6.75% | base | -4.77% | after close | after close | after close |
| XLE | +2.64% | +4.95% | base | -3.73% | after close | after close | after close |
| UNG | +4.28% | -0.44% | base | +1.04% | after close | after close | after close |
| BWET | +7.18% | +11.56% | base | -13.73% | after close | after close | after close |
| VGK | -0.30% | -0.05% | base | +2.49% | after close | after close | after close |
| XOM | +2.57% | +5.49% | base | -2.82% | after close | after close | after close |
| CVX | +1.76% | +4.58% | base | -2.69% | after close | after close | after close |
| OXY | +4.03% | +5.88% | base | -3.82% | 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.
Brent crude falls below $100 a barrel for first time in month as European gas prices drop Anadolu Ajansı
Source: Anadolu Ajansı
United States Oil Fund (USO) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | -13.73% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +11.56% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +7.18% | final price |
| CVX | that day | -2.69% | still updating |
| CVX | three days earlier | +4.58% | final price |
| CVX | five days earlier | +1.76% | final price |
| OXY | that day | -3.82% | still updating |
| OXY | three days earlier | +5.88% | final price |
| OXY | five days earlier | +4.03% | final price |
| United States Natural Gas Fund (UNG) | that day | +1.04% | still updating |
| United States Natural Gas Fund (UNG) | three days earlier | -0.44% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | +4.28% | final price |
| United States Oil Fund (USO) | that day | -4.77% | still updating |
| United States Oil Fund (USO) | three days earlier | +6.75% | final price |
| United States Oil Fund (USO) | five days earlier | +5.38% | final price |
| Vanguard Intl Equity Index F (VGK) | that day | +2.49% | still updating |
| Vanguard Intl Equity Index F (VGK) | three days earlier | -0.05% | final price |
| Vanguard Intl Equity Index F (VGK) | five days earlier | -0.30% | final price |
| Select Sector Spdr Tr (XLE) | that day | -3.73% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +4.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.64% | final price |
| ExxonMobil Holdings (XOM) | that day | -2.82% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +5.49% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +2.57% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 21 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 65 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 42 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 63 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 75 days before publication. Filed 8 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).
Companies in energy around United States Oil Fund (USO)
Companies that tend to gain
- XOM ExxonMobil Holdings
In “Brent crude falls below $100 a barrel for first time in month as European gas prices drop,” ExxonMobil Holdings (XOM) tends to benefit, 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
No up or down call on file
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Brent crude falls below $100 a barrel for first time in month as European gas prices drop.” 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 “Brent crude falls below $100 a barrel for first time in month as European gas prices drop,” 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
- UNG United States Natural Gas Fund
For “Brent crude falls below $100 a barrel for first time in month as European gas prices drop,” 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
- BWET Amplify Commodity Trust
In “Brent crude falls below $100 a barrel for first time in month as European gas prices drop,” 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
How energy news reaches United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Brent crude falls below $100 a barrel for first time in month as European gas prices drop,” the 4 Nov 2026 Energy story.
United States Oil Fund (USO) is on the page because 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
What this energy story puts on the calendar
UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.12. USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. 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 100Price not final
“Brent crude falls below $100 a barrel for first time in month as European gas prices drop” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.