Gulf stocks slide as Ras Tanura refinery attack rattles investors
Published . Updated .
This report is about refining and oil. Names like XOM typically gain because exxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “gulf” (oil) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.
- XLE Energy Select Sector SPDR+5.6% 30d
Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.
- USO United States Oil Fund+2.7% 30d
United States Oil Fund: its price follows crude oil. Linked by “gulf” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF+61.1% 18d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “gulf” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+11.8% 12d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “gulf” (oil) in this story.
- VLO Valero Energy+11.5% 30d
Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.
- MPC Marathon Petroleum+10.2% 7d
Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.
- PSX Phillips 66+14.5% 30d
Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CRAKNo price data for this ticker | — | — | — | — | — | — | — |
| XLE | -0.12% | +1.60% | base | after close | after close | after close | after close |
| USO | -2.37% | +3.62% | base | after close | after close | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -1.00% | +1.85% | base | after close | after close | after close | after close |
| VLO | +12.72% | +8.25% | base | after close | after close | after close | after close |
| MPC | +7.60% | +4.90% | base | after close | after close | after close | after close |
| PSXNo 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
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Gulf stocks slide as Ras Tanura refinery attack rattles investors Reuters
Source: Reuters
Vaneck Etf Trust (CRAK) compared with energy stocks (XLE) since 28 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| Marathon Petroleum (MPC) | three days earlier | +4.90% | final price |
| Marathon Petroleum (MPC) | five days earlier | +7.60% | final price |
| United States Oil Fund (USO) | three days earlier | +3.62% | final price |
| United States Oil Fund (USO) | five days earlier | -2.37% | final price |
| Valero Energy (VLO) | three days earlier | +8.25% | final price |
| Valero Energy (VLO) | five days earlier | +12.72% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +1.60% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -0.12% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +1.85% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -1.00% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 58 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 89 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 36 days before publication. Filed 1 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).
Vaneck Etf Trust (CRAK) on one side of this energy story
Likely winners
- XOM ExxonMobil Holdings
In “Gulf stocks slide as Ras Tanura refinery attack rattles investors,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “gulf” (oil) in this story
No up or down call on file
- CRAK Vaneck Etf Trust
For “Gulf stocks slide as Ras Tanura refinery attack rattles investors,” Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Gulf stocks slide as Ras Tanura refinery attack rattles investors.” Reason on file: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Gulf stocks slide as Ras Tanura refinery attack rattles investors.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “gulf” (oil) in this story
- BWET Amplify Commodity Trust
For “Gulf stocks slide as Ras Tanura refinery attack rattles investors,” 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 “gulf” (tanker shipping) in this story
Vaneck Etf Trust (CRAK) and the energy link
“Gulf stocks slide as Ras Tanura refinery attack rattles investors” (28 Oct 2026) reaches Vaneck Etf Trust (CRAK) through Energy.
Vaneck Etf Trust (CRAK) is on the page because VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story
Dates and price levels for Vaneck Etf Trust (CRAK)
USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 166.26. XLE traded between 60.95 and 69.86 across 20 sessions. The latest close on file is 69.64.
The energy score for Vaneck Etf Trust (CRAK)
46 out of 100
“Gulf stocks slide as Ras Tanura refinery attack rattles investors” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.