Geopolitics Alpha

Cotton Face Friday Weakness, Despite USDA Production Cut

Published . Updated .

Cotton futures closed out Friday with contracts down 14 to 226 contracts across the board, led by the front months. Outside pressure and a risk off approach into the weekend led the bears. December was down 27 points on the week. Crude oil was back down $2.49 per barrel on...

Directly affected

  • No company is named in this report.

Indirectly affected

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • OXY Occidental Petroleum

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips

    Oil producers earn more when crude prices rise

  • VLO Valero

    Refiners' profits move with crude and fuel prices

  • MPC Marathon Petroleum

    Refiners' profits move with crude and fuel prices

  • XOP SPDR S&P Oil & Gas Exploration

    A fund of oil and gas producers

  • XLE Energy Select Sector SPDR

    A fund of energy companies

  • USO United States Oil Fund

    This fund moves with oil prices

  • OIH VanEck Oil Services

    Oilfield services rise when drilling follows oil prices

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XOM———————
CVX———————
OXY———————
COP———————
VLO———————
MPC———————
XOP———————
XLE———————
USO———————
OIH———————

Cotton futures closed out Friday with contracts down 14 to 226 contracts across the board, led by the front months. Outside pressure and a risk off approach into the weekend led the bears. December was down 27 points on the week. Crude oil…

Source: Nasdaq Markets

United States Oil Fund (USO) since this story, compared with the market

Since the first closing price after “Cotton Face Friday Weakness, Despite USDA Production Cut,” United States Oil Fund (USO) is +2.66%. The S&P 500 fund (SPY) is +0.77% over the same days, a +1.89% difference versus the market. energy stocks (XLE) is +5.05%, a -2.39% difference versus that group of stocks.

USO
SPY
XLE

Disclosure records for United States Oil Fund (USO) within two months of 12 Sep 2026

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 tied to this story

  • USO United States Oil Fund

    In “Cotton Face Friday Weakness, Despite USDA Production Cut,” United States Oil Fund (USO) 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

  • BNO United States Brent Oil Fund

    For “Cotton Face Friday Weakness, Despite USDA Production Cut,” 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

    In “Cotton Face Friday Weakness, Despite USDA Production Cut,” 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

    For “Cotton Face Friday Weakness, Despite USDA Production Cut,” 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

  • AEIS Advanced Energy Industries

    For “Cotton Face Friday Weakness, Despite USDA Production Cut,” Advanced Energy Industries (AEIS) is linked, with no stored direction, medium confidence. Reason on file: GA selected AEIS as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AMPY Amplify Energy

    For “Cotton Face Friday Weakness, Despite USDA Production Cut,” Amplify Energy (AMPY) is linked, with no stored direction, medium confidence. Reason on file: GA selected AMPY as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • ATO Atmos Energy

    For “Cotton Face Friday Weakness, Despite USDA Production Cut,” Atmos Energy (ATO) is linked, with no stored direction, medium confidence. Reason on file: GA selected ATO as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BE Bloom Energy

    Bloom Energy (BE) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Cotton Face Friday Weakness, Despite USDA Production Cut.” Reason on file: GA selected BE as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

United States Oil Fund (USO) and the energy link

The 12 Sep 2026 story “Cotton Face Friday Weakness, Despite USDA Production Cut” 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

A second company, United States Brent Oil Fund (BNO), is listed for a different reason: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

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

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

“Cotton Face Friday Weakness, Despite USDA Production Cut” scores 46 out of 100. The score uses 1 sources, and 10 linked companies.