European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats
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This report is about oil and natural gas. Names like XOM and CVX typically gain because exxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- UNG United States Natural Gas Fund-16.0% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (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.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”).
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+9.6% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- OXY Occidental Petroleum+10.3% 18d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +15.71% | +7.84% | base | after close | after close | after close | after close |
| XLE | +8.14% | +5.85% | base | after close | after close | after close | after close |
| UNG | -1.02% | -2.91% | base | after close | after close | after close | after close |
| BWET | +32.30% | +28.62% | base | after close | after close | after close | after close |
| VGK | -2.35% | -2.42% | base | after close | after close | after close | after close |
| XOM | +8.08% | +6.08% | base | after close | after close | after close | after close |
| CVX | +6.66% | +5.01% | base | after close | after close | after close | after close |
| OXY | +9.89% | +5.90% | base | after close | after close | after close | after 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.
European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats Investing.com
Source: Investing.com
How United States Oil Fund (USO) moved after the last 17 energy shocks
Across 17 earlier stories, United States Oil Fund (USO) the next day averaged +1.56%. The largest gain was +2.20% and the largest drop was +0.26%, from 17 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | +1.56% | +2.20% | +0.26% | 17 |
| United States Oil Fund (USO) | three days later | -4.24% | +1.56% | -5.11% | 14 |
| Select Sector Spdr Tr (XLE) | the next day | +1.47% | +2.25% | -1.69% | 17 |
| Select Sector Spdr Tr (XLE) | three days later | -1.66% | +0.52% | -2.57% | 11 |
| United States Natural Gas Fund (UNG) | the next day | -4.56% | -4.52% | -4.67% | 4 |
| United States Natural Gas Fund (UNG) | three days later | -4.70% | -4.10% | -6.49% | 4 |
| Amplify Commodity Trust (BWET) | the next day | +3.98% | +4.46% | +0.48% | 16 |
| Amplify Commodity Trust (BWET) | three days later | -3.41% | +4.59% | -6.70% | 16 |
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- The Arab Dark Fleet Keeping Hormuz Oil Flowing
- Iraq risks 80% oil revenue loss in renewed Hormuz closure
- Oil Prices Fly Blind as the Hormuz Enigma Deepens: Bousso
The price since 5 Nov 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | +28.62% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +32.30% | final price |
| Chevron (CVX) | three days earlier | +5.01% | final price |
| Chevron (CVX) | five days earlier | +6.66% | final price |
| Occidental Petroleum (OXY) | three days earlier | +5.90% | final price |
| Occidental Petroleum (OXY) | five days earlier | +9.89% | final price |
| United States Natural Gas Fund (UNG) | three days earlier | -2.91% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | -1.02% | final price |
| United States Oil Fund (USO) | three days earlier | +7.84% | final price |
| United States Oil Fund (USO) | five days earlier | +15.71% | final price |
| Vanguard Intl Equity Index F (VGK) | three days earlier | -2.42% | final price |
| Vanguard Intl Equity Index F (VGK) | five days earlier | -2.35% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +5.85% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +8.14% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +6.08% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +8.08% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 22 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 66 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 22 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 43 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 76 days before publication. Filed 8 Oct 2026. View the filing.
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 busy Strait of Hormuz has been lately
Geopolitics Alpha has 203 stories about Strait of Hormuz from the past 7 days and 527 stories from the past 30. That is faster than its usual pace over the past month. “European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats” is tagged to Strait of Hormuz.
Who collects and who pays in energy
Companies that tend to gain
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 5 Nov 2026 story “European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
In “European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- OXY Occidental Petroleum
In “European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats,” Occidental Petroleum (OXY) tends to benefit, medium confidence. Reason on file: Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
No up or down call on file
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
In “European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats,” 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 “oil” (oil) in this story
- UNG United States Natural Gas Fund
For “European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story
- BWET Amplify Commodity Trust
In “European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story
From Strait of Hormuz to United States Oil Fund (USO)
“European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats” (5 Nov 2026) reaches United States Oil Fund (USO) through Strait of Hormuz.
What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Dates and price levels for United States Oil Fund (USO)
UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.12. USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
How strong the case is around United States Oil Fund (USO)
46 out of 100
“European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.