Geopolitics Alpha

Dollar Climbs as Stocks Sink and Crude Oil Surges

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The dollar index (DXY00 ) rallied to a 1.5-week high today and is up by +0.52%. The dollar is moving higher today as T-note yields rise and stocks slump, boosting liquidity demand for the dollar. Also, today’s +3% jump in WTI crude oil raises inflation expectations and could persuade the...

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———————

The dollar index (DXY00 ) rallied to a 1.5-week high today and is up by +0.52%. The dollar is moving higher today as T-note yields rise and stocks slump, boosting liquidity demand for the dollar. Also, today’s +3% jump in WTI crude oil rai…

Source: Nasdaq Markets

Price since this story was published: State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP)

Since the first closing price after “Dollar Climbs as Stocks Sink and Crude Oil Surges,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is -0.08%. The S&P 500 fund (SPY) is +1.21% over the same days, a -1.29% difference versus the market. energy stocks (XLE) is +2.82%, a -2.90% difference versus that group of stocks.

XOP
SPY
XLE

Who collects and who pays in energy

Companies tied to this story

  • 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 14 Sep 2026 story “Dollar Climbs as Stocks Sink and Crude Oil Surges.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, high confidence in the 14 Sep 2026 story “Dollar Climbs as Stocks Sink and Crude Oil Surges.” 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 “Dollar Climbs as Stocks Sink and Crude Oil Surges,” 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 “Dollar Climbs as Stocks Sink and Crude Oil Surges,” 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

  • UGA United States Gasoline Fund

    United States Gasoline Fund (UGA) is linked, with no stored direction, medium confidence in the 14 Sep 2026 story “Dollar Climbs as Stocks Sink and Crude Oil Surges.” 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

    For “Dollar Climbs as Stocks Sink and Crude Oil Surges,” 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

    In “Dollar Climbs as Stocks Sink and Crude Oil Surges,” Invesco Db Agriculture Fund (DBA) 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

  • MOO Vaneck Etf Trust

    In “Dollar Climbs as Stocks Sink and Crude Oil Surges,” 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

State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) and the energy link

On 14 Sep 2026, “Dollar Climbs as Stocks Sink and Crude Oil Surges” is the story that connects State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) to Energy.

The link for State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is this: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

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

Dates and price levels for State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP)

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.

How solid “Dollar Climbs as Stocks Sink and Crude Oil Surges” looks

46 out of 100

“Dollar Climbs as Stocks Sink and Crude Oil Surges” scores 46 out of 100. The score uses 1 sources, and 19 linked companies.