Global Supply Risks Underpin Crude Oil Prices
Published . Updated .
November WTI crude oil (CLX26 ) is up +2.28 (+2.52%) today, and November RBOB gasoline (RBX26 ) is up +0.1014 (+3.11%). Crude oil and gasoline prices are sharply higher today as talks between the US and Iran to end the war remain deadlocked, keeping the Strait of Hormuz from fully...
Directly affected
- No company is named in this report.
Indirectly affected
- FRO Frontline
Tanker operators earn more when freight rates spike
- INSW International Seaways
Tanker operators earn more when freight rates spike
- DHT DHT Holdings
Tanker operators earn more when freight rates spike
- TNK Teekay Tankers
Tanker operators earn more when freight rates spike
- USO United States Oil Fund
Tracks U.S. crude prices when Gulf supply is at risk
- XLE Energy Select Sector SPDR
Energy companies move with a Gulf supply scare
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- XOM Exxon Mobil
Oil producers earn more when crude prices rise
- RTX RTX
Defense contractors get more work when conflict spending rises
- DAL Delta Air Lines
Airlines pay more for fuel when oil prices jump
Price reaction, T-5 to T+3
November WTI crude oil (CLX26 ) is up +2.28 (+2.52%) today, and November RBOB gasoline (RBX26 ) is up +0.1014 (+3.11%). Crude oil and gasoline prices are sharply higher today as talks between the US and Iran to end the war remain deadlocke…
Source: Nasdaq Markets
Price since this story was published: United States Brent Oil Fund (BNO)
Since the first closing price after “Global Supply Risks Underpin Crude Oil Prices,” United States Brent Oil Fund (BNO) is +6.36%. The S&P 500 fund (SPY) is -0.40% over the same days, a +6.75% difference versus the market. energy stocks (XLE) is +7.89%, a -1.54% difference versus that group of stocks.
Strait of Hormuz, seven days against thirty
Strait of Hormuz has 195 linked stories in the last 7 days and 195 in the last 30 on the page that also carries “Global Supply Risks Underpin Crude Oil Prices.” The recent pace is rising.
Who gains and who loses around United States Brent Oil Fund (BNO)
Companies tied to this story
- BNO United States Brent Oil Fund
For “Global Supply Risks Underpin Crude Oil Prices,” United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- GSG iShares S&P GSCI Commodity-Indexed Trust
In “Global Supply Risks Underpin Crude Oil Prices,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- VDE Vanguard World Fd
Vanguard World Fd (VDE) is linked, with no stored direction, high confidence in the 1 Oct 2026 story “Global Supply Risks Underpin Crude Oil Prices.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- FENY
For “Global Supply Risks Underpin Crude Oil Prices,” FENY is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- UGA United States Gasoline Fund
For “Global Supply Risks Underpin Crude Oil Prices,” United States Gasoline Fund (UGA) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf
In “Global Supply Risks Underpin Crude Oil Prices,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- IEZ Ishares U.S. Oil Equipment & Services Etf
For “Global Supply Risks Underpin Crude Oil Prices,” Ishares U.S. Oil Equipment & Services Etf (IEZ) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- XLE Select Sector Spdr Tr
For “Global Supply Risks Underpin Crude Oil Prices,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
How energy news reaches United States Brent Oil Fund (BNO)
United States Brent Oil Fund (BNO) is the company in “Global Supply Risks Underpin Crude Oil Prices,” the 1 Oct 2026 Strait of Hormuz story.
What ties United States Brent Oil Fund (BNO) to the headline is this: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
A second company, iShares S&P GSCI Commodity-Indexed Trust (GSG), is listed for a different reason: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
Price levels for United States Brent Oil Fund (BNO)
BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. GSG traded between 35.09 and 37.22 across 10 sessions. The latest close on file is 37.04. VDE traded between 176.54 and 190.84 across 10 sessions. The latest close on file is 189.01.
The energy score for United States Brent Oil Fund (BNO)
46 out of 100
“Global Supply Risks Underpin Crude Oil Prices” scores 46 out of 100. The score uses 1 sources, and 23 linked companies.