Geopolitics Alpha

Middle East Supply Constraints Lift Crude Oil Prices

Published . Updated .

October WTI crude oil (CLV26 ) closed up +1.34 (+1.34%) on Monday, and October RBOB gasoline (RBV26 ) closed up +0.0099 (+0.30%). Crude oil and gasoline prices settled sharply higher on Monday, with crude posting a 3.75-month high. Energy prices are rallying on fears that global oil supplies will tighten...

Directly affected

  • No company is named in this report.

Indirectly affected

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • OXY Occidental Petroleum

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips

    Oil producers earn more when crude prices rise

  • VLO Valero

    Refiners' profits move with crude and fuel prices

  • MPC Marathon Petroleum

    Refiners' profits move with crude and fuel prices

  • XOP SPDR S&P Oil & Gas Exploration

    A fund of oil and gas producers

  • XLE Energy Select Sector SPDR

    A fund of energy companies

  • USO United States Oil Fund

    This fund moves with oil prices

  • OIH VanEck Oil Services

    Oilfield services rise when drilling follows oil prices

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XOM———————
CVX———————
OXY———————
COP———————
VLO———————
MPC———————
XOP———————
XLE———————
USO———————
OIH———————

October WTI crude oil (CLV26 ) closed up +1.34 (+1.34%) on Monday, and October RBOB gasoline (RBV26 ) closed up +0.0099 (+0.30%). Crude oil and gasoline prices settled sharply higher on Monday, with crude posting a 3.75-month high. Energy…

Source: Nasdaq Markets

How far United States Oil Fund (USO) has moved since 14 Sep 2026

Since the first closing price after “Middle East Supply Constraints Lift Crude Oil Prices,” United States Oil Fund (USO) is -0.67%. The S&P 500 fund (SPY) is +1.21% over the same days, a -1.89% difference versus the market. energy stocks (XLE) is +2.82%, a -3.49% difference versus that group of stocks.

USO
SPY
XLE

Middle East, seven days against thirty

Middle East has 0 linked stories in the last 7 days and 0 in the last 30 on the page that also carries “Middle East Supply Constraints Lift Crude Oil Prices.”

Companies in energy around United States Oil Fund (USO)

Companies tied to this story

  • USO United States Oil Fund

    In “Middle East Supply Constraints Lift Crude Oil Prices,” United States Oil Fund (USO) 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

  • BNO United States Brent Oil Fund

    For “Middle East Supply Constraints Lift Crude Oil Prices,” United States Brent Oil Fund (BNO) 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

  • XLE Select Sector Spdr Tr

    In “Middle East Supply Constraints Lift 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

  • XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf

    For “Middle East Supply Constraints Lift 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-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • IWM Ishares Tr

    In “Middle East Supply Constraints Lift Crude Oil Prices,” Ishares Tr (IWM) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • HYG Ishares Tr

    Ishares Tr (HYG) is linked, with no stored direction, medium confidence in the 14 Sep 2026 story “Middle East Supply Constraints Lift Crude Oil Prices.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • IEI Ishares Tr

    For “Middle East Supply Constraints Lift Crude Oil Prices,” Ishares Tr (IEI) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • UGA United States Gasoline Fund

    In “Middle East Supply Constraints Lift Crude Oil Prices,” United States Gasoline Fund (UGA) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

What Middle East means for United States Oil Fund (USO)

On 14 Sep 2026, “Middle East Supply Constraints Lift Crude Oil Prices” is the story that connects United States Oil Fund (USO) to Middle East.

What ties United States Oil Fund (USO) to the headline is this: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

Also listed, United States Brent Oil Fund (BNO): Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

Price levels for United States Oil Fund (USO)

BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. USO traded between 141.82 and 162.99 across 20 sessions. The latest close on file is 160.80. XLE traded between 60.95 and 68.51 across 20 sessions. The latest close on file is 67.80.

How solid the energy case looks

46 out of 100

“Middle East Supply Constraints Lift Crude Oil Prices” scores 46 out of 100. The score uses 1 sources, and 19 linked companies.