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Brent Crude Prices Reach Five-Month High Amidst Continued Houthi Attacks, UAE Oil Spill

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Brent Crude Prices Reach Five-Month High Amidst Continued Houthi Attacks, UAE Oil Spill

Oil prices rose on Friday, with Brent crude touching its highest since early May, after Houthi attacks in Saudi Arabia stoked concern…

Directly affected

  • No company is named in this report.

Indirectly affected

  • ZIM ZIM Integrated Shipping-1.2%

    Container lines are exposed when a shipping lane is disrupted

  • MATX Matson-5.7%

    Container lines are exposed when a shipping lane is disrupted

  • DAC Danaos

    Ship owners earn more when vessels are tied up longer

  • GSL Global Ship Lease-8.5%

    Ship owners earn more when vessels are tied up longer

  • SBLK Star Bulk Carriers-6.2%

    Dry-bulk carriers move with commodity shipping demand

  • GOGL Golden Ocean

    Dry-bulk carriers move with commodity shipping demand

  • XOM Exxon Mobil+11.0%

    Oil producers earn more when crude prices rise

  • CVX Chevron+9.9%

    Oil producers earn more when crude prices rise

  • FRO Frontline+4.7%

    Longer voyages raise tanker earnings when ships avoid the Red Sea

  • XLE Energy Select Sector SPDR+7.4%

    Energy prices move when a shipping lane is disrupted

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
ZIM+0.53%+0.29%base+0.76%after closeafter closeafter close
MATX+3.16%+4.40%base+0.44%after closeafter closeafter close
DAC+0.28%-0.48%base+0.28%after closeafter closeafter close
GSL-0.18%-0.42%base+1.11%after closeafter closeafter close
SBLK-3.14%-1.99%base+1.03%after closeafter closeafter close
GOGL+11.63%+11.63%baseafter closeafter closeafter closeafter close
XOM+0.46%-0.17%base+2.81%after closeafter closeafter close
CVX-0.70%-0.41%base+3.00%after closeafter closeafter close
FRO+2.38%-1.82%base+3.26%after closeafter closeafter close
XLE+0.97%+0.55%base+2.56%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.

Market Call

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Brent Crude Prices Reach Five-Month High Amidst Continued Houthi Attacks, UAE Oil Spill Marine Link

Source: Marine Link

Red Sea

CompanyWhenMoveStatus
CVXthat day+3.00%final price
CVXthree days earlier-0.41%final price
CVXfive days earlier-0.70%final price
DACthat day+0.28%final price
DACthree days earlier-0.48%final price
DACfive days earlier+0.28%final price
FROthat day+3.26%final price
FROthree days earlier-1.82%final price
FROfive days earlier+2.38%final price
GOGLthree days earlier+11.63%final price
GOGLfive days earlier+11.63%final price
GSLthat day+1.11%final price
GSLthree days earlier-0.42%final price
GSLfive days earlier-0.18%final price
MATXthat day+0.44%final price
MATXthree days earlier+4.40%final price
MATXfive days earlier+3.16%final price
SBLKthat day+1.03%final price
SBLKthree days earlier-1.99%final price
SBLKfive days earlier-3.14%final price
XLEthat day+2.56%final price
XLEthree days earlier+0.55%final price
XLEfive days earlier+0.97%final price
XOMthat day+2.81%final price
XOMthree days earlier-0.17%final price
XOMfive days earlier+0.46%final price
ZIMthat day+0.76%final price
ZIMthree days earlier+0.29%final price
ZIMfive days earlier+0.53%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).

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How solid the energy case looks

12 out of 100

“Brent Crude Prices Reach Five-Month High Amidst Continued Houthi Attacks, UAE Oil Spill” scores 12 out of 100. The score uses 1 sources.