Crude Prices Sink as More Oil Supplies Exit Hormuz
Published . Updated .
November WTI crude oil (CLX26 ) closed down -3.22 (-3.48%) on Tuesday, and November RBOB gasoline (RBX26 ) closed down -0.0255 (-0.81%). Crude oil and gasoline prices retreated on Tuesday, with gasoline falling to a 2.5-week low. Crude prices sank Tuesday on signs that a steady flow of crude oil...
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
Tracks U.S. crude prices when Gulf supply is at risk
- XLE Energy Select Sector SPDR
Energy companies move with a Gulf supply scare
- XOM Exxon Mobil
Oil producers earn more when crude prices rise
- CVX Chevron
Oil producers earn more when crude prices rise
- STNG Scorpio Tankers
Tanker operators earn more when freight rates spike
- DAL Delta Air Lines
Airlines pay more for fuel when oil prices jump
Price reaction, T-5 to T+3
November WTI crude oil (CLX26 ) closed down -3.22 (-3.48%) on Tuesday, and November RBOB gasoline (RBX26 ) closed down -0.0255 (-0.81%). Crude oil and gasoline prices retreated on Tuesday, with gasoline falling to a 2.5-week low. Crude pri…
Source: Nasdaq Markets
United States Brent Oil Fund (BNO) compared with energy stocks (XLE) since 29 Sep 2026
Since the first closing price after “Crude Prices Sink as More Oil Supplies Exit Hormuz,” United States Brent Oil Fund (BNO) is +11.63%. The S&P 500 fund (SPY) is +0.56% over the same days, a +11.07% difference versus the market. energy stocks (XLE) is +10.28%, a +1.35% difference versus that group of stocks.
Strait of Hormuz on the map for this story
Strait of Hormuz has 195 linked stories in the last 7 days and 195 in the last 30 on the page that also carries “Crude Prices Sink as More Oil Supplies Exit Hormuz.” The recent pace is rising.
Who gains and who pays if Strait of Hormuz stays in the story
Companies mentioned with this story
- BNO United States Brent Oil Fund
United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence in the 29 Sep 2026 story “Crude Prices Sink as More Oil Supplies Exit Hormuz.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- UGA United States Gasoline Fund
In “Crude Prices Sink as More Oil Supplies Exit Hormuz,” United States Gasoline Fund (UGA) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- GSG iShares S&P GSCI Commodity-Indexed Trust
In “Crude Prices Sink as More Oil Supplies Exit Hormuz,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- VDE Vanguard World Fd
Vanguard World Fd (VDE) is linked, with no stored direction, high confidence in the 29 Sep 2026 story “Crude Prices Sink as More Oil Supplies Exit Hormuz.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- FENY
In “Crude Prices Sink as More Oil Supplies Exit Hormuz,” FENY is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf
State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence in the 29 Sep 2026 story “Crude Prices Sink as More Oil Supplies Exit Hormuz.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- IEZ Ishares U.S. Oil Equipment & Services Etf
Ishares U.S. Oil Equipment & Services Etf (IEZ) is linked, with no stored direction, high confidence in the 29 Sep 2026 story “Crude Prices Sink as More Oil Supplies Exit Hormuz.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- USO United States Oil Fund
For “Crude Prices Sink as More Oil Supplies Exit Hormuz,” 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
How energy news reaches United States Brent Oil Fund (BNO)
The 29 Sep 2026 story “Crude Prices Sink as More Oil Supplies Exit Hormuz” names United States Brent Oil Fund (BNO) because of Strait of Hormuz.
What ties United States Brent Oil Fund (BNO) to the headline is this: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
United States Gasoline Fund (UGA) is here too. Its reason reads: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
Dates in the story, and the United States Brent Oil Fund (BNO) price range
BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. GSG traded between 35.09 and 37.22 across 10 sessions. The latest close on file is 37.04. UGA traded between 140.00 and 152.81 across 20 sessions. The latest close on file is 143.49.
How solid the energy case looks
46 out of 100
“Crude Prices Sink as More Oil Supplies Exit Hormuz” scores 46 out of 100. The score uses 1 sources, and 22 linked companies.