Geopolitics Alpha

Natural Gas and Oil Forecast: Peace Hopes Pressure Oil, Can WTI Hold $85.22?

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, UNG, EQT, XOM
  • Market reaction: USO +3.4% on the day; XLE +1.5% on the day; UNG +2.6% on the day

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ENERGYNatural Gas and Oil Forecast:Peace Hopes Pressure Oil, Can WTIHold $85.22?GEOPOLITICS ALPHA

This report is about oil and natural gas.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund-1.1% 30d

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

  • XLE Energy Select Sector SPDR+7.5% 30d

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

  • UNG United States Natural Gas Fund-13.5% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.

  • EQT Eqt+0.4% 30d

    Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) 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+2.9% 30d

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

  • OXY Occidental Petroleum+10.3% 18d

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

  • SHEL Shell+0.8% 7d

    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+4.74%+0.82%base+3.43%after closeafter closeafter close
XLE-2.64%-2.21%base+1.50%after closeafter closeafter close
UNG-9.22%-1.27%base+2.65%after closeafter closeafter close
EQT-3.93%-5.26%base-0.61%after closeafter closeafter close
XOM-0.81%-1.14%base+1.84%after closeafter closeafter close
CVX-0.13%-1.13%base+1.51%after closeafter closeafter close
OXY-1.40%-2.40%base+2.25%after closeafter closeafter close
SHEL+2.32%+1.03%base+0.72%after 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.

Natural Gas and Oil Forecast: Peace Hopes Pressure Oil, Can WTI Hold $85.22? FXEmpire

Source: FXEmpire

The price since 12 Nov 2026: United States Oil Fund (USO) versus the S&P 500

CompanyWhenMoveStatus
Chevron (CVX)that day+1.51%final price
Chevron (CVX)three days earlier-1.13%final price
Chevron (CVX)five days earlier-0.13%final price
Eqt (EQT)that day-0.61%final price
Eqt (EQT)three days earlier-5.26%final price
Eqt (EQT)five days earlier-3.93%final price
Occidental Petroleum (OXY)that day+2.25%final price
Occidental Petroleum (OXY)three days earlier-2.40%final price
Occidental Petroleum (OXY)five days earlier-1.40%final price
Shell (SHEL)that day+0.72%final price
Shell (SHEL)three days earlier+1.03%final price
Shell (SHEL)five days earlier+2.32%final price
United States Natural Gas Fund (UNG)that day+2.65%final price
United States Natural Gas Fund (UNG)three days earlier-1.27%final price
United States Natural Gas Fund (UNG)five days earlier-9.22%final price
United States Oil Fund (USO)that day+3.43%final price
United States Oil Fund (USO)three days earlier+0.82%final price
United States Oil Fund (USO)five days earlier+4.74%final price
Select Sector Spdr Tr (XLE)that day+1.50%final price
Select Sector Spdr Tr (XLE)three days earlier-2.21%final price
Select Sector Spdr Tr (XLE)five days earlier-2.64%final price
ExxonMobil Holdings (XOM)that day+1.84%final price
ExxonMobil Holdings (XOM)three days earlier-1.14%final price
ExxonMobil Holdings (XOM)five days earlier-0.81%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).

Companies in energy around United States Oil Fund (USO)

Companies tied to this story

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Natural Gas and Oil Forecast: Peace Hopes Pressure Oil, Can WTI Hold $85.22?.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    For “Natural Gas and Oil Forecast: Peace Hopes Pressure Oil, Can WTI Hold $85.22?,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • UNG United States Natural Gas Fund

    For “Natural Gas and Oil Forecast: Peace Hopes Pressure Oil, Can WTI Hold $85.22?,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story

  • EQT Eqt

    Eqt (EQT) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Natural Gas and Oil Forecast: Peace Hopes Pressure Oil, Can WTI Hold $85.22?.” Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story

  • XOM ExxonMobil Holdings

    In “Natural Gas and Oil Forecast: Peace Hopes Pressure Oil, Can WTI Hold $85.22?,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • CVX Chevron

    In “Natural Gas and Oil Forecast: Peace Hopes Pressure Oil, Can WTI Hold $85.22?,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • OXY Occidental Petroleum

    In “Natural Gas and Oil Forecast: Peace Hopes Pressure Oil, Can WTI Hold $85.22?,” Occidental Petroleum (OXY) is linked, with no stored direction, medium confidence. Reason on file: Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • SHEL Shell

    Shell (SHEL) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Natural Gas and Oil Forecast: Peace Hopes Pressure Oil, Can WTI Hold $85.22?.” Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

How energy news reaches United States Oil Fund (USO)

On 12 Nov 2026, “Natural Gas and Oil Forecast: Peace Hopes Pressure Oil, Can WTI Hold $85.22?” is the story that connects United States Oil Fund (USO) to Energy.

United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

The price range for United States Oil Fund (USO), and the dates in the story

UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.34. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.

What the saved facts support for United States Oil Fund (USO)

46 out of 100

“Natural Gas and Oil Forecast: Peace Hopes Pressure Oil, Can WTI Hold $85.22?” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.