New Jersey Moves to Block Trump's Russian Diesel Imports
Published . Updated .
Key takeaways
- New Jersey Governor Mikie Sherrill is threatening legal action against port operators that accept Russian diesel shipments authorized by the Trump administration, setting up a dispute over federal sanctions.
- Exposed: USO, XLE, BWET, XOM, CVX
- Market reaction: XLE −5.6% on the day (still updating); USO −4.8% on the day (still updating); BWET −13.7% on the day (still updating)
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.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
New Jersey Governor Mikie Sherrill is threatening legal action against port operators that accept Russian diesel shipments authorized by the Trump administration, setting up a dispute over federal sanctions.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “diesel” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “diesel” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “port” (container shipping) in this story.
- UNG United States Natural Gas Fund-16.0% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “russian” (natural gas) in this story.
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “diesel” (oil) in this story.
- CVX Chevron+9.6% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “diesel” (oil) in this story.
- COP ConocoPhillips+11.6% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “diesel” (oil) in this story.
- SHEL Shell+3.5% 11d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “diesel” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +5.38% | +6.75% | base | -4.77% | after close | after close | after close |
| XLE | +2.64% | +4.95% | base | -5.59% | after close | after close | after close |
| BWET | +7.18% | +11.56% | base | -13.73% | after close | after close | after close |
| UNG | +4.28% | -0.44% | base | +1.04% | after close | after close | after close |
| XOM | +2.57% | +5.49% | base | -4.87% | after close | after close | after close |
| CVX | +1.76% | +4.58% | base | -4.10% | after close | after close | after close |
| COP | +3.21% | +6.66% | base | -5.90% | after close | after close | after close |
| SHEL | +0.85% | +4.31% | base | -2.37% | after close | after close | after 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.
New Jersey Moves to Block Trump's Russian Diesel Imports Crude Oil Prices Today | OilPrice.com
The price since 4 Nov 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | -13.73% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +11.56% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +7.18% | final price |
| Conocophillips (COP) | that day | -5.90% | still updating |
| Conocophillips (COP) | three days earlier | +6.66% | final price |
| Conocophillips (COP) | five days earlier | +3.21% | final price |
| Chevron (CVX) | that day | -4.10% | still updating |
| Chevron (CVX) | three days earlier | +4.58% | final price |
| Chevron (CVX) | five days earlier | +1.76% | final price |
| Shell (SHEL) | that day | -2.37% | still updating |
| Shell (SHEL) | three days earlier | +4.31% | final price |
| Shell (SHEL) | five days earlier | +0.85% | final price |
| UNG | that day | +1.04% | still updating |
| UNG | three days earlier | -0.44% | final price |
| UNG | five days earlier | +4.28% | final price |
| United States Oil Fund (USO) | that day | -4.77% | still updating |
| United States Oil Fund (USO) | three days earlier | +6.75% | final price |
| United States Oil Fund (USO) | five days earlier | +5.38% | final price |
| Select Sector Spdr Tr (XLE) | that day | -5.59% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +4.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.64% | final price |
| ExxonMobil Holdings (XOM) | that day | -4.87% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +5.49% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +2.57% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 65 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 42 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 63 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 70 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 72 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 75 days before publication. Filed 8 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).
United States Oil Fund (USO) on one side of this energy story
Companies carried with this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “New Jersey Moves to Block Trump's Russian Diesel Imports.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “diesel” (oil) in this story
- XLE Select Sector Spdr Tr
In “New Jersey Moves to Block Trump's Russian Diesel Imports,” 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 “diesel” (oil) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “New Jersey Moves to Block Trump's Russian Diesel Imports.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “diesel” (tanker shipping) in this story
- XOM ExxonMobil Holdings
In “New Jersey Moves to Block Trump's Russian Diesel Imports,” 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 “diesel” (oil) in this story
- CVX Chevron
Chevron (CVX) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “New Jersey Moves to Block Trump's Russian Diesel Imports.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “diesel” (oil) in this story
- COP Conocophillips
For “New Jersey Moves to Block Trump's Russian Diesel Imports,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “diesel” (oil) in this story
- SHEL Shell
In “New Jersey Moves to Block Trump's Russian Diesel Imports,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “diesel” (oil) in this story
- FRO Frontline
Frontline (FRO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “New Jersey Moves to Block Trump's Russian Diesel Imports.” Reason on file: Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “diesel” (tanker shipping) in this story
United States Oil Fund (USO) and the energy link
United States Oil Fund (USO) is the company in “New Jersey Moves to Block Trump's Russian Diesel Imports,” the 4 Nov 2026 Energy story.
United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “diesel” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “diesel” (oil) in this story
What this energy story puts on the calendar
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
A simple score for United States Oil Fund (USO)
46 out of 100Price not final
“New Jersey Moves to Block Trump's Russian Diesel Imports” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.