Geopolitics Alpha

Newly elected Democratic Congress faces uphill battle on affordability, including gas prices, tariffs, and interest rates

Published . Updated .

Key takeaways

  • Exposed: UNG, XLE, XLI, USO, CAT
  • Market reaction: price tracking starts with the next trading session.

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GEOPOLITICS ALPHANewly elected Democratic Congressfaces uphill battle onaffordability, including gas…GEOPOLITICS ALPHA

This report is about natural gas and tariffs and trade.

Directly affected

  • No company is named in this report.

Indirectly affected

  • UNG United States Natural Gas Fund-16.0% 30d

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

  • XLE Energy Select Sector SPDR+6.9% 30d

    Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas prices” (natural gas) in this story.

  • XLI Industrial Select Sector SPDR-0.3% 30d

    Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • USO United States Oil Fund+6.3% 30d

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

  • CAT Caterpillar-23.2% 30d

    Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • LNG Cheniere Energy+13.7% 30d

    Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas prices” (natural gas) in this story.

  • DE Deere-2.9% 30d

    Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • EQT Eqt+7.8% 30d

    Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “gas prices” (natural gas) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
UNG-1.02%-2.91%baseafter closeafter closeafter closeafter close
XLE+8.14%+5.85%baseafter closeafter closeafter closeafter close
XLI+0.40%+0.18%baseafter closeafter closeafter closeafter close
USO+15.71%+7.84%baseafter closeafter closeafter closeafter close
CAT+9.45%+3.80%baseafter closeafter closeafter closeafter close
LNG+9.22%+6.72%baseafter closeafter closeafter closeafter close
DE-2.37%-1.28%baseafter closeafter closeafter closeafter close
EQT+3.85%+4.42%baseafter closeafter 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.

Newly elected Democratic Congress faces uphill battle on affordability, including gas prices, tariffs, and interest rates kare11.com

Source: kare11.com

The price since 4 Nov 2026: United States Natural Gas Fund (UNG) versus the S&P 500

CompanyWhenMoveStatus
Caterpillar (CAT)three days earlier+3.80%final price
Caterpillar (CAT)five days earlier+9.45%final price
Deere (DE)three days earlier-1.28%final price
Deere (DE)five days earlier-2.37%final price
Eqt (EQT)three days earlier+4.42%final price
Eqt (EQT)five days earlier+3.85%final price
Cheniere Energy (LNG)three days earlier+6.72%final price
Cheniere Energy (LNG)five days earlier+9.22%final price
United States Natural Gas Fund (UNG)three days earlier-2.91%final price
United States Natural Gas Fund (UNG)five days earlier-1.02%final price
United States Oil Fund (USO)three days earlier+7.84%final price
United States Oil Fund (USO)five days earlier+15.71%final price
Select Sector Spdr Tr (XLE)three days earlier+5.85%final price
Select Sector Spdr Tr (XLE)five days earlier+8.14%final price
Select Sector Spdr Tr (XLI)three days earlier+0.18%final price
Select Sector Spdr Tr (XLI)five days earlier+0.40%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).

Who gains and who loses around United States Natural Gas Fund (UNG)

Companies carried with this story

  • UNG United States Natural Gas Fund

    United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Newly elected Democratic Congress faces uphill battle on affordability, including gas prices, tariffs, and interest rates.” Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas prices” (natural gas) in this story

  • XLE Select Sector Spdr Tr

    For “Newly elected Democratic Congress faces uphill battle on affordability, including gas prices, tariffs, and interest rates,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas prices” (natural gas) in this story

  • XLI Select Sector Spdr Tr

    Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Newly elected Democratic Congress faces uphill battle on affordability, including gas prices, tariffs, and interest rates.” Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • USO United States Oil Fund

    For “Newly elected Democratic Congress faces uphill battle on affordability, including gas prices, tariffs, and interest rates,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “gas prices” (oil) in this story

  • CAT Caterpillar

    Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Newly elected Democratic Congress faces uphill battle on affordability, including gas prices, tariffs, and interest rates.” Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • LNG Cheniere Energy

    In “Newly elected Democratic Congress faces uphill battle on affordability, including gas prices, tariffs, and interest rates,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas prices” (natural gas) in this story

  • DE Deere

    Deere (DE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Newly elected Democratic Congress faces uphill battle on affordability, including gas prices, tariffs, and interest rates.” Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • EQT Eqt

    For “Newly elected Democratic Congress faces uphill battle on affordability, including gas prices, tariffs, and interest rates,” Eqt (EQT) is linked, with no stored direction, medium confidence. Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “gas prices” (natural gas) in this story

United States Natural Gas Fund (UNG)

On 4 Nov 2026, “Newly elected Democratic Congress faces uphill battle on affordability, including gas prices, tariffs, and interest rates” is the story that connects United States Natural Gas Fund (UNG) to this story.

For United States Natural Gas Fund (UNG), the reason on file says United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas prices” (natural gas) in this story

A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “gas prices” (natural gas) in this story

The price range for United States Natural Gas Fund (UNG), and the dates in the story

UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.12. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.

How strong the case is around United States Natural Gas Fund (UNG)

46 out of 100

“Newly elected Democratic Congress faces uphill battle on affordability, including gas prices, tariffs, and interest rates” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.