Geopolitics Alpha

Gold, silver, oil, and other commodities are now live on Kraken Prop at half the commission

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Gold, silver, oil, and other commodities are now live on Kraken Prop at half the commission

Silver, WTI oil, Brent oil, copper, and natural gas join gold, and commission on every non-crypto market drops to 2bps per side, including on accounts you already hold.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund

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

  • XLE Energy Select Sector SPDR

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

  • GLD SPDR Gold Shares

    SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • SLV iShares Silver Trust

    iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story.

  • XOM ExxonMobil Holdings

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

  • CVX Chevron

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

  • COP ConocoPhillips

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

  • SHEL Shell

    Shell (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

TickerT-5T-3T-1T0T+1T+2T+3
USO-2.52%-0.26%base——after closeafter close
XLE-1.29%+1.72%base——after closeafter close
GLD-1.19%-1.52%base-1.42%-4.74%after closeafter close
SLVNo price data for this ticker———————
XOM-2.14%+1.35%base+0.18%+2.84%after closeafter close
CVX-1.18%+1.19%base+0.93%+2.77%after closeafter close
COP-2.27%+1.58%base——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.

Gold, silver, oil, and other commodities are now live on Kraken Prop at half the commission Kraken Blog

Source: Kraken Blog

Energy

CompanyWhenMoveStatus
COPthree days earlier+1.58%final price
COPfive days earlier-2.27%final price
CVXthat day+0.93%final price
CVXthe next day+2.77%final price
CVXthree days earlier+1.19%final price
CVXfive days earlier-1.18%final price
GLDthat day-1.42%final price
GLDthe next day-4.74%final price
GLDthree days earlier-1.52%final price
GLDfive days earlier-1.19%final price
USOthree days earlier-0.26%final price
USOfive days earlier-2.52%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

“Gold, silver, oil, and other commodities are now live on Kraken Prop at half the commission” scores 12 out of 100. The score uses 1 sources.