Geopolitics Alpha

Dollar Slips as Crude Oil Prices Decline

Published . Updated .

The dollar index (DXY00 ) is down by -0.31% today. The dollar is under pressure today from a -1% decline in WTI crude oil prices, which eases inflation expectations and is a dovish factor for Fed policy. Losses in the dollar are limited on better-than-expected US economic news today, including...

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 ) is down by -0.31% today. The dollar is under pressure today from a -1% decline in WTI crude oil prices, which eases inflation expectations and is a dovish factor for Fed policy. Losses in the dollar are limited on…

Source: Nasdaq Markets

How far United States Oil Fund (USO) has moved since 25 Sep 2026

Since the first closing price after “Dollar Slips as Crude Oil Prices Decline,” United States Oil Fund (USO) is +7.21%. The S&P 500 fund (SPY) is +0.15% over the same days, a +7.06% difference versus the market. energy stocks (XLE) is +9.14%, a -1.94% difference versus that group of stocks.

USO
SPY
XLE

Who gains and who loses around United States Oil Fund (USO)

Companies tied to this story

  • USO United States Oil Fund

    In “Dollar Slips as Crude Oil Prices Decline,” 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 “Dollar Slips as Crude Oil Prices Decline,” 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 Slips as Crude Oil Prices Decline,” 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

    State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence in the 25 Sep 2026 story “Dollar Slips as Crude Oil Prices Decline.” 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

    For “Dollar Slips as Crude Oil Prices Decline,” United States Gasoline Fund (UGA) 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

  • GSG iShares S&P GSCI Commodity-Indexed Trust

    iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “Dollar Slips as Crude Oil Prices Decline.” 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

    For “Dollar Slips as Crude Oil Prices Decline,” 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 Slips as Crude Oil Prices Decline,” 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

How energy news reaches United States Oil Fund (USO)

United States Oil Fund (USO) is the company in “Dollar Slips as Crude Oil Prices Decline,” the 25 Sep 2026 Energy story.

United States Oil Fund (USO) is on the page because 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 and price levels for United States Oil Fund (USO)

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 Slips as Crude Oil Prices Decline” looks

46 out of 100

“Dollar Slips as Crude Oil Prices Decline” scores 46 out of 100. The score uses 1 sources, and 19 linked companies.