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Fresh tanker attacks prompt rebound in oil prices

Published . Updated .

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Fresh tanker attacks prompt rebound in oil prices

New attacks on tankers in the Middle East sent crude oil prices surging Thursday and recovering from the staggering losses Wednesday as traders reconsidered

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund-5.0% 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.

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

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

  • CVX Chevron+5.5% 30d

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

  • COP ConocoPhillips+2.8% 30d

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

  • SHEL Shell+3.5% 11d

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

  • FRO Frontline+1.0% 30d

    Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+13.96%+6.75%baseafter closeafter closeafter closeafter close
XLE+13.47%+8.12%baseafter closeafter closeafter closeafter close
BWET+38.94%+24.54%baseafter closeafter closeafter closeafter close
XOM+13.27%+7.37%baseafter closeafter closeafter closeafter close
CVX+10.62%+5.78%baseafter closeafter closeafter closeafter close
COP+13.68%+6.58%baseafter closeafter closeafter closeafter close
SHEL+8.59%+4.11%baseafter closeafter closeafter closeafter close
FRO+27.38%+17.44%baseafter closeafter 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.

Fresh tanker attacks prompt rebound in oil prices Oklahoma Energy Today

Source: Oklahoma Energy Today

Middle East

CompanyWhenMoveStatus
BWETthree days earlier+24.54%final price
BWETfive days earlier+38.94%final price
COPthree days earlier+6.58%final price
COPfive days earlier+13.68%final price
CVXthree days earlier+5.78%final price
CVXfive days earlier+10.62%final price
FROthree days earlier+17.44%final price
FROfive days earlier+27.38%final price
SHELthree days earlier+4.11%final price
SHELfive days earlier+8.59%final price
USOthree days earlier+6.75%final price
USOfive days earlier+13.96%final price
XLEthree days earlier+8.12%final price
XLEfive days earlier+13.47%final price
XOMthree days earlier+7.37%final price
XOMfive days earlier+13.27%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).

Where “Fresh tanker attacks prompt rebound in oil prices” sits: Middle East

Middle East

Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Fresh tanker attacks prompt rebound in oil prices” is tagged to Middle East.

How solid “Fresh tanker attacks prompt rebound in oil prices” looks

12 out of 100

“Fresh tanker attacks prompt rebound in oil prices” scores 12 out of 100. The score uses 1 sources.