Geopolitics Alpha

Europe to release 42 million barrels of oil reserves, France says

Published . Updated .

Europe to release 42 million barrels of oil reserves, France says

Half of the volume will be diesel, France's economy minister said, as E.U. energy ministers meet over fuel prices and winter supply

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+13.9% 30d

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

  • XLE Energy Select Sector SPDR+12.1% 30d

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

  • UNG United States Natural Gas Fund-11.6% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “winter supply” (natural gas) in this story.

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.

  • EWQ iShares MSCI France ETF-6.5% 11d

    iShares MSCI France ETF holds stocks listed in France, which this story is about (“france”).

  • VGK Vanguard FTSE Europe ETF

    Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“europe”).

  • XOM ExxonMobil Holdings+13.4% 16d

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

  • SHEL Shell+0.1% 13d

    Shell (crude petroleum and natural gas, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO-2.52%-0.26%base+0.32%+1.30%after closeafter close
XLE-1.29%+1.72%base+0.37%+2.25%after closeafter close
UNGNo price data for this ticker———————
BWETNo price data for this ticker———————
EWQNo price data for this ticker———————
VGKNo price data for this ticker———————
XOM-2.14%+1.35%base+0.18%+2.84%after closeafter close
SHELNo price data for this ticker———————

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.

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Europe to release 42 million barrels of oil reserves, France says Quartz

Source: Quartz

Energy

CompanyWhenMoveStatus
USOthat day+0.32%final price
USOthe next day+1.30%final price
USOthree days earlier-0.26%final price
USOfive days earlier-2.52%final price
XLEthat day+0.37%final price
XLEthe next day+2.25%final price
XLEthree days earlier+1.72%final price
XLEfive days earlier-1.29%final price
XOMthat day+0.18%final price
XOMthe next day+2.84%final price
XOMthree days earlier+1.35%final price
XOMfive days earlier-2.14%final price

Trades by members of Congress and officials 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).

How solid the energy case looks

12 out of 100

“Europe to release 42 million barrels of oil reserves, France says” scores 12 out of 100. The score uses 1 sources.