Geopolitics Alpha

Energy prices matter way more for inflation than they used to: Fed report

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, TLT, TIP, JPM
  • Market reaction: USO +2.4% on the day (still updating); XLE +1.6% on the day (still updating); XOM +1.2% on the day (still updating)

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GEOPOLITICS ALPHAEnergy prices matter way more forinflation than they used to: FedreportGEOPOLITICS ALPHA

This report is about oil and US interest rates.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund-1.1% 30d

    United States Oil Fund: its price follows crude oil. Linked by “energy prices” (oil) in this story.

  • XLE Energy Select Sector SPDR+6.9% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “energy prices” (oil) in this story.

  • TLT iShares 20+ Year Treasury Bond ETF-1.2% 19d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • TIP iShares TIPS Bond ETF+0.4% 19d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • JPM JPMorgan Chase+0.1% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • BAC Bank of America-11.4% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • XOM ExxonMobil Holdings-2.7% 17d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “energy prices” (oil) in this story.

  • CVX Chevron+3.3% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “energy prices” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+2.78%+4.95%base+2.37%after closeafter closeafter close
XLE+2.11%-0.95%base+1.57%after closeafter closeafter close
TLT+1.08%+1.27%base-0.48%after closeafter closeafter close
TIP+0.74%+0.94%base-0.05%after closeafter closeafter close
JPM+2.98%-2.21%base-0.11%after closeafter closeafter close
BAC+1.83%-2.53%base-0.28%after closeafter closeafter close
XOM+3.07%+0.89%base+1.25%after closeafter closeafter close
CVX+2.73%+0.67%base+0.78%after closeafter closeafter 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.

Energy prices matter way more for inflation than they used to: Fed report Yahoo Finance

Source: Yahoo Finance

Price since this story was published: United States Oil Fund (USO)

CompanyWhenMoveStatus
Bank Of America (BAC)that day-0.28%still updating
Bank Of America (BAC)three days earlier-2.53%final price
Bank Of America (BAC)five days earlier+1.83%final price
Chevron (CVX)that day+0.78%still updating
Chevron (CVX)three days earlier+0.67%final price
Chevron (CVX)five days earlier+2.73%final price
Jpmorgan Chase (JPM)that day-0.11%still updating
Jpmorgan Chase (JPM)three days earlier-2.21%final price
Jpmorgan Chase (JPM)five days earlier+2.98%final price
Ishares Tr (TIP)that day-0.05%still updating
Ishares Tr (TIP)three days earlier+0.94%final price
Ishares Tr (TIP)five days earlier+0.74%final price
Ishares Tr (TLT)that day-0.48%still updating
Ishares Tr (TLT)three days earlier+1.27%final price
Ishares Tr (TLT)five days earlier+1.08%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
Select Sector Spdr Tr (XLE)that day+1.57%still updating
Select Sector Spdr Tr (XLE)three days earlier-0.95%final price
Select Sector Spdr Tr (XLE)five days earlier+2.11%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

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).

Who gains and who loses 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 “Energy prices matter way more for inflation than they used to: Fed report.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “energy prices” (oil) in this story

  • XLE Select Sector Spdr Tr

    For “Energy prices matter way more for inflation than they used to: Fed report,” 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 “energy prices” (oil) in this story

  • TLT Ishares Tr

    For “Energy prices matter way more for inflation than they used to: Fed report,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

  • TIP Ishares Tr

    In “Energy prices matter way more for inflation than they used to: Fed report,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • JPM Jpmorgan Chase

    For “Energy prices matter way more for inflation than they used to: Fed report,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Energy prices matter way more for inflation than they used to: Fed report.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “energy prices” (oil) in this story

  • CVX Chevron

    In “Energy prices matter way more for inflation than they used to: Fed report,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “energy prices” (oil) in this story

  • BAC Bank Of America

    In “Energy prices matter way more for inflation than they used to: Fed report,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

United States Oil Fund (USO)

On 11 Nov 2026, “Energy prices matter way more for inflation than they used to: Fed report” is the story that connects United States Oil Fund (USO) to this story.

United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “energy prices” (oil) in this story

Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “energy prices” (oil) in this story

Dates and price levels for United States Oil Fund (USO)

TLT traded between 76.44 and 80.56 across 16 sessions. The latest close on file is 79.46. 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.

A simple score for United States Oil Fund (USO)

46 out of 100Price not final

“Energy prices matter way more for inflation than they used to: Fed report” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.