Geopolitics Alpha

European shares advance on oil relief, shaking off hot U.S. CPI print

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, TIP, BWET, VGK
  • Market reaction: USO −2.9% on the day (still updating); BP −2.7% on the day (still updating); SHEL −2.5% on the day (still updating)

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ENERGYEuropean shares advance on oilrelief, shaking off hot U.S. CPIprintGEOPOLITICS ALPHA

This report is about oil and inflation and prices.

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 “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.

  • TIP iShares TIPS Bond ETF-0.3% 30d

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

  • SHEL Shell+2.7% 10d

    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.

  • XOM ExxonMobil Holdings-2.7% 17d

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

  • BP BP p.l.c+12.3% 9d

    BP p.l.c (petroleum refining, 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+10.89%+3.88%base-2.86%after closeafter closeafter close
XLE+7.65%-0.44%baseafter closeafter closeafter closeafter close
TIP+0.06%+0.20%base-0.58%after closeafter closeafter close
BWET+44.12%+15.72%baseafter closeafter closeafter closeafter close
VGK-2.67%-1.78%baseafter closeafter closeafter closeafter close
SHEL+5.41%+1.27%base-2.54%after closeafter closeafter close
XOM+7.73%+0.33%baseafter closeafter closeafter closeafter close
BP+6.74%+0.29%base-2.67%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.

European shares advance on oil relief, shaking off hot U.S. CPI print Investing.com

Source: Investing.com

The price since 10 Nov 2026: United States Oil Fund (USO) versus the S&P 500

CompanyWhenMoveStatus
Bp (BP)that day-2.67%still updating
Bp (BP)three days earlier+0.29%final price
Bp (BP)five days earlier+6.74%final price
Amplify Commodity Trust (BWET)three days earlier+15.72%final price
Amplify Commodity Trust (BWET)five days earlier+44.12%final price
Shell (SHEL)that day-2.54%still updating
Shell (SHEL)three days earlier+1.27%final price
Shell (SHEL)five days earlier+5.41%final price
Ishares Tr (TIP)that day-0.58%still updating
Ishares Tr (TIP)three days earlier+0.20%final price
Ishares Tr (TIP)five days earlier+0.06%final price
United States Oil Fund (USO)that day-2.86%still updating
United States Oil Fund (USO)three days earlier+3.88%final price
United States Oil Fund (USO)five days earlier+10.89%final price
Vanguard Intl Equity Index F (VGK)three days earlier-1.78%final price
Vanguard Intl Equity Index F (VGK)five days earlier-2.67%final price
Select Sector Spdr Tr (XLE)three days earlier-0.44%final price
Select Sector Spdr Tr (XLE)five days earlier+7.65%final price
ExxonMobil Holdings (XOM)three days earlier+0.33%final price
ExxonMobil Holdings (XOM)five days earlier+7.73%final price

Congressional trades in United States Oil Fund (USO) around 10 Nov 2026

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).

United States Oil Fund (USO) on one side of this energy story

Companies carried with this story

  • USO United States Oil Fund

    In “European shares advance on oil relief, shaking off hot U.S. CPI print,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    For “European shares advance on oil relief, shaking off hot U.S. CPI print,” 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

  • TIP Ishares Tr

    Ishares Tr (TIP) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “European shares advance on oil relief, shaking off hot U.S. CPI print.” Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “cpi” (inflation and prices) in this story

  • BWET Amplify Commodity Trust

    In “European shares advance on oil relief, shaking off hot U.S. CPI print,” 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

  • VGK Vanguard Intl Equity Index F

    For “European shares advance on oil relief, shaking off hot U.S. CPI print,” Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence. Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”)

  • SHEL Shell

    In “European shares advance on oil relief, shaking off hot U.S. CPI print,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: 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

  • XOM ExxonMobil Holdings

    For “European shares advance on oil relief, shaking off hot U.S. CPI print,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • BP Bp

    Bp (BP) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “European shares advance on oil relief, shaking off hot U.S. CPI print.” Reason on file: BP p.l.c (petroleum refining, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

United States Oil Fund (USO) and the energy link

United States Oil Fund (USO) is the company in “European shares advance on oil relief, shaking off hot U.S. CPI print,” the 10 Nov 2026 Energy story.

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

What this energy story puts on the calendar

TIP traded between 103.77 and 105.61 across 16 sessions. The latest close on file is 105.27. 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.

How solid the energy case looks

46 out of 100Price not final

“European shares advance on oil relief, shaking off hot U.S. CPI print” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.