Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY

Published 13 Oct 2026, 10:05 UTC. Updated 13 Oct 2026, 12:30 UTC.

Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY Benzinga

Directly affected

No company is named in this report.

Indirectly affected

FRO Frontline
Tanker operators earn more when freight rates spike
INSW International Seaways
Tanker operators earn more when freight rates spike
DHT DHT Holdings
Tanker operators earn more when freight rates spike
TNK Teekay Tankers
Tanker operators earn more when freight rates spike
USO United States Oil Fund
Oil prices move when Iranian supply is at risk
XLE Energy Select Sector SPDR
Energy companies move with Iran supply risk
LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
RTX RTX
Defense contractors get more work when conflict spending rises
XOM Exxon Mobil
Oil producers earn more when crude prices rise
DAL Delta Air Lines
Airlines pay more for fuel when oil prices jump

Price reaction, T-5 to T+3

Ticker	T-5	T-3	T-1	T0	T+1	T+2	T+3
FRO	-10.86%	-5.02%	—	-0.34%	-5.00%	-11.28%	-11.40%
INSW	-6.27%	-1.98%	—	+0.59%	-4.52%	-8.98%	-11.54%
DHT	-10.35%	-5.03%	—	+1.26%	-4.92%	-10.67%	-10.10%
TNK	—	—	—	—	—	—	—
USO	—	—	—	—	—	—	—
XLE	—	—	—	—	—	—	—
LMT	-0.43%	-0.82%	—	-1.60%	+1.95%	+4.06%	+7.83%
RTX	—	—	—	—	—	—	—
XOM	—	—	—	—	—	—	—
DAL	+4.42%	+2.56%	—	-0.71%	-4.31%	-2.55%	-5.92%

Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY Benzinga

Source: Benzinga

United States Oil Fund (USO) compared with energy stocks (XLE) since 13 Oct 2026

Since the first closing price after “Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY,” United States Oil Fund (USO) is +4.67%. The S&P 500 fund (SPY) is -0.40% over the same days, a +5.06% difference versus the market. energy stocks (XLE) is +0.27%, a +4.40% difference versus that group of stocks.

Company	When	Move	Status
DAL	that day	-0.71%	final price
DAL	the next day	-4.31%	final price
DAL	two days later	-2.55%	final price
DAL	three days later	-5.92%	final price
DAL	three days earlier	+2.56%	final price
DAL	five days earlier	+4.42%	final price
DHT	that day	+1.26%	final price
DHT	the next day	-4.92%	final price
DHT	two days later	-10.67%	final price
DHT	three days later	-10.10%	final price
DHT	three days earlier	-5.03%	final price
DHT	five days earlier	-10.35%	final price
FRO	that day	-0.34%	final price
FRO	the next day	-5.00%	final price
FRO	two days later	-11.28%	final price
FRO	three days later	-11.40%	final price
FRO	three days earlier	-5.02%	final price
FRO	five days earlier	-10.86%	final price
INSW	that day	+0.59%	final price
INSW	the next day	-4.52%	final price
INSW	two days later	-8.98%	final price
INSW	three days later	-11.54%	final price
INSW	three days earlier	-1.98%	final price
INSW	five days earlier	-6.27%	final price
LMT	that day	-1.60%	final price
LMT	the next day	+1.95%	final price
LMT	two days later	+4.06%	final price
LMT	three days later	+7.83%	final price
LMT	three days earlier	-0.82%	final price
LMT	five days earlier	-0.43%	final price

USO

SPY

XLE

Companies in energy around United States Oil Fund (USO)

Companies mentioned with this story

USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, high confidence in the 13 Oct 2026 story “Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
BNO United States Brent Oil Fund
In “Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY,” United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
XLE Select Sector Spdr Tr
For “Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf
In “Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
UGA United States Gasoline Fund
United States Gasoline Fund (UGA) is linked, with no stored direction, medium confidence in the 13 Oct 2026 story “Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
GSG iShares S&P GSCI Commodity-Indexed Trust
In “Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
DBA Invesco Db Agriculture Fund
Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence in the 13 Oct 2026 story “Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
MOO Vaneck Etf Trust
In “Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY,” Vaneck Etf Trust (MOO) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

How energy news reaches United States Oil Fund (USO)

The 13 Oct 2026 story “Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY” names United States Oil Fund (USO) because of Energy.

What ties United States Oil Fund (USO) to the headline is this: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

Also listed, United States Brent Oil Fund (BNO): Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

Price levels for United States Oil Fund (USO)

BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. USO traded between 141.82 and 162.99 across 20 sessions. The latest close on file is 160.80. XLE traded between 60.95 and 68.51 across 20 sessions. The latest close on file is 67.80.

The energy score for United States Oil Fund (USO)

46 out of 100

“Charlie Bilello Says Iran War Inflation Is 'Rewarding Big Oil,' Flags a 56% Spread Between XLE and XLY” scores 46 out of 100. The score uses 1 sources, and 19 linked companies.