Geopolitics Alpha

Energy Dept to loan part of home heating oil reserve to ease prices, drawing bipartisan praise

Published . Updated .

This report is about Energy. Names like XOM and CVX typically gain because oil producers earn more when crude prices rise.

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———————

Energy Dept to loan part of home heating oil reserve to ease prices, drawing bipartisan praise Fox Business

Source: Fox Business

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How solid the energy case looks

12 out of 100

“Energy Dept to loan part of home heating oil reserve to ease prices, drawing bipartisan praise” scores 12 out of 100. The score uses 1 sources.