DOE Closes Its First Oil-and-Gas Loan. Twenty-Two Gulf Platforms Get a Second Life.
Published . Updated .
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The loan closed today. The secretary took the tour.Energy Secretary Chris Wright stood on an Arena Energy platform miles off the Louisiana coast. "This is President Trump's agenda. Drill baby drill," he told Fox News correspondent Brooke Taylor, reporting for Fox Business's The
Directly affected
- No company is named in this report.
Indirectly affected
- XLF Financial Select Sector SPDR+1.0% 19d
Financial Select Sector SPDR: it holds banks. Linked by “loan” (banks) in this story.
- KRE SPDR S&P Regional Banking ETF+0.3% 30d
SPDR S&P Regional Banking ETF: it holds banks. Linked by “loan” (banks) in this story.
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- UNG United States Natural Gas Fund-13.5% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) 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.
- JPM JPMorgan Chase+0.1% 30d
JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “loan” (banks) in this story.
- BAC Bank of America-11.4% 30d
Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “loan” (banks) in this story.
- WFC Wells Fargo+4.4% 30d
Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “loan” (banks) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLF | +1.53% | -1.92% | base | -0.19% | after close | after close | after close |
| KRE | +1.42% | -1.21% | base | -0.75% | after close | after close | after close |
| USO | +2.78% | +4.95% | base | +2.37% | after close | after close | after close |
| UNG | -10.81% | -10.24% | base | +1.15% | after close | after close | after close |
| XOM | +3.07% | +0.89% | base | +1.25% | after close | after close | after close |
| JPM | +2.98% | -2.21% | base | -0.11% | after close | after close | after close |
| BAC | +1.83% | -2.53% | base | -0.28% | after close | after close | after close |
| WFC | +1.95% | -2.13% | base | -0.34% | after close | after close | after 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.
DOE Closes Its First Oil-and-Gas Loan. Twenty-Two Gulf Platforms Get a Second Life. Energy News Beat
Source: Energy News Beat
Price since this story was published: United States Oil Fund (USO)
| Company | When | Move | Status |
|---|---|---|---|
| BAC | that day | -0.28% | still updating |
| BAC | three days earlier | -2.53% | final price |
| BAC | five days earlier | +1.83% | final price |
| JPM | that day | -0.11% | still updating |
| JPM | three days earlier | -2.21% | final price |
| JPM | five days earlier | +2.98% | final price |
| KRE | that day | -0.75% | still updating |
| KRE | three days earlier | -1.21% | final price |
| KRE | five days earlier | +1.42% | final price |
| United States Natural Gas Fund (UNG) | that day | +1.15% | still updating |
| United States Natural Gas Fund (UNG) | three days earlier | -10.24% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | -10.81% | final price |
| United States Oil Fund (USO) | that day | +2.37% | still updating |
| United States Oil Fund (USO) | three days earlier | +4.95% | final price |
| United States Oil Fund (USO) | five days earlier | +2.78% | final price |
| WFC | that day | -0.34% | still updating |
| WFC | three days earlier | -2.13% | final price |
| WFC | five days earlier | +1.95% | final price |
| Select Sector Spdr Tr (XLF) | that day | -0.19% | still updating |
| Select Sector Spdr Tr (XLF) | three days earlier | -1.92% | final price |
| Select Sector Spdr Tr (XLF) | five days earlier | +1.53% | final price |
| ExxonMobil Holdings (XOM) | that day | +1.25% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +0.89% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +3.07% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 72 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a dependent child), worth $1,001 - $15,000 on 15 Oct 2026. That is 27 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 8 Oct 2026. That is 34 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 68 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 20 Oct 2026. That is 22 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a dependent child), worth $1,001 - $15,000 on 13 Oct 2026. That is 29 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 63 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $250,001 - $500,000 on 15 Oct 2026. That is 27 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 1 Oct 2026. That is 41 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 47 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
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
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “DOE Closes Its First Oil-and-Gas Loan. Twenty-Two Gulf Platforms Get a Second Life..” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
In “DOE Closes Its First Oil-and-Gas Loan. Twenty-Two Gulf Platforms Get a Second Life.,” 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
- UNG United States Natural Gas Fund
In “DOE Closes Its First Oil-and-Gas Loan. Twenty-Two Gulf Platforms Get a Second Life.,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story
- XLF Select Sector Spdr Tr
In “DOE Closes Its First Oil-and-Gas Loan. Twenty-Two Gulf Platforms Get a Second Life.,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “loan” (banks) in this story
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “DOE Closes Its First Oil-and-Gas Loan. Twenty-Two Gulf Platforms Get a Second Life..” 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
Chevron (CVX) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “DOE Closes Its First Oil-and-Gas Loan. Twenty-Two Gulf Platforms Get a Second Life..” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- LNG Cheniere Energy
For “DOE Closes Its First Oil-and-Gas Loan. Twenty-Two Gulf Platforms Get a Second Life.,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story
- COP Conocophillips
For “DOE Closes Its First Oil-and-Gas Loan. Twenty-Two Gulf Platforms Get a Second Life.,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
How energy news reaches United States Oil Fund (USO)
“DOE Closes Its First Oil-and-Gas Loan. Twenty-Two Gulf Platforms Get a Second Life.” (11 Nov 2026) reaches United States Oil Fund (USO) through Energy.
What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
What this energy story puts on the calendar
UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.34. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
The energy score for United States Oil Fund (USO)
46 out of 100Price not final
“DOE Closes Its First Oil-and-Gas Loan. Twenty-Two Gulf Platforms Get a Second Life.” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.