Geopolitics Alpha

Crude oil rout pressures South American soybean oil prices

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, DBA, XOM, CVX
  • Market reaction: price tracking starts with the next trading session.

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ENERGYCrude oil rout pressures SouthAmerican soybean oil pricesGEOPOLITICS ALPHA

This report is about oil and grains and farm goods. Names like XOM and CVX typically gain because exxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund-5.0% 30d

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

  • XLE Energy Select Sector SPDR+6.9% 30d

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

  • DBA Invesco DB Agriculture Fund-6.1% 30d

    Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “soybean” (grains and farm goods) in this story.

  • XOM ExxonMobil Holdings-2.7% 17d

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

  • CVX Chevron+5.5% 30d

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

  • COP ConocoPhillips+3.9% 19d

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

  • SHEL Shell+3.5% 11d

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

  • ADM Archer-Daniels-Midland-16.8% 30d

    Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “soybean” (grains and farm goods) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+13.96%+6.75%baseafter closeafter closeafter closeafter close
XLE+13.47%+8.12%baseafter closeafter closeafter closeafter close
DBA+2.77%+1.53%baseafter closeafter closeafter closeafter close
XOM+13.27%+7.37%baseafter closeafter closeafter closeafter close
CVX+10.62%+5.78%baseafter closeafter closeafter closeafter close
COP+13.68%+6.58%baseafter closeafter closeafter closeafter close
SHEL+8.57%+4.08%baseafter closeafter closeafter closeafter close
ADM+9.11%+0.22%baseafter closeafter 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.

Crude oil rout pressures South American soybean oil prices S&P Global

Source: S&P Global

How far United States Oil Fund (USO) has moved since 6 Nov 2026

CompanyWhenMoveStatus
Archer-Daniels-Midland (ADM)three days earlier+0.22%final price
Archer-Daniels-Midland (ADM)five days earlier+9.11%final price
Conocophillips (COP)three days earlier+6.58%final price
Conocophillips (COP)five days earlier+13.68%final price
Chevron (CVX)three days earlier+5.78%final price
Chevron (CVX)five days earlier+10.62%final price
Invesco Db Agriculture Fund (DBA)three days earlier+1.53%final price
Invesco Db Agriculture Fund (DBA)five days earlier+2.77%final price
Shell (SHEL)three days earlier+4.08%final price
Shell (SHEL)five days earlier+8.57%final price
United States Oil Fund (USO)three days earlier+6.75%final price
United States Oil Fund (USO)five days earlier+13.96%final price
Select Sector Spdr Tr (XLE)three days earlier+8.12%final price
Select Sector Spdr Tr (XLE)five days earlier+13.47%final price
ExxonMobil Holdings (XOM)three days earlier+7.37%final price
ExxonMobil Holdings (XOM)five days earlier+13.27%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 gains and who loses around United States Oil Fund (USO)

Companies that tend to gain

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 6 Nov 2026 story “Crude oil rout pressures South American soybean oil prices.” 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 “Crude oil rout pressures South American soybean oil prices,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

No up or down call on file

  • USO United States Oil Fund

    For “Crude oil rout pressures South American soybean oil prices,” 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 “Crude oil rout pressures South American soybean oil prices,” 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

  • DBA Invesco Db Agriculture Fund

    For “Crude oil rout pressures South American soybean oil prices,” Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence. Reason on file: Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “soybean” (grains and farm goods) in this story

  • COP Conocophillips

    Conocophillips (COP) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “Crude oil rout pressures South American soybean oil prices.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

United States Oil Fund (USO) and the energy link

On 6 Nov 2026, “Crude oil rout pressures South American soybean oil prices” is the story that connects United States Oil Fund (USO) to Energy.

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

A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

Price levels for United States Oil Fund (USO)

DBA traded between 26.80 and 28.86 across 20 sessions. The latest close on file is 26.80. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 145.42. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.

A simple score for United States Oil Fund (USO)

46 out of 100

“Crude oil rout pressures South American soybean oil prices” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.