Geopolitics Alpha

Oil futures: Brent nears $100/b as standoff, tanker attacks continue

Published . Updated .

Key takeaways

  • Quantum Commodity Intelligence is a premium paid subscription service for professionals in the oil, biofuels, carbon, ammonia and hydrogen markets.
  • Exposed: USO, XLE, BWET, XOM, CVX
  • Market reaction: price tracking starts with the next trading session.

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Oil futures: Brent nears $100/b as standoff, tanker attacks continue

Quantum Commodity Intelligence is a premium paid subscription service for professionals in the oil, biofuels, carbon, ammonia and hydrogen markets.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund-5.0% 30d

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

  • XLE Energy Select Sector SPDR+6.9% 30d

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

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.

  • MOO VanEck Agribusiness ETF-2.7% 30d

    VanEck Agribusiness ETF: it holds agribusiness and fertilizer firms. Linked by “ammonia” (fertilizer) 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+5.5% 30d

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

  • COP ConocoPhillips+3.9% 19d

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

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+13.96%+6.75%baseafter closeafter closeafter closeafter close
XLE+13.47%+8.12%baseafter closeafter closeafter closeafter close
BWET+38.94%+24.54%baseafter closeafter closeafter closeafter close
MOONo price data for this ticker———————
XOM+13.27%+7.37%baseafter closeafter closeafter closeafter close
CVX+10.62%+5.78%baseafter closeafter closeafter closeafter close
COP+13.68%+6.58%baseafter closeafter closeafter closeafter close
SHELNo 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.

Oil futures: Brent nears $100/b as standoff, tanker attacks continue Quantum Commodity Intelligence

Source: Quantum Commodity Intelligence

United States Oil Fund (USO) since this story, compared with the market

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)three days earlier+24.54%final price
Amplify Commodity Trust (BWET)five days earlier+38.94%final price
Conocophillips (COP)three days earlier+6.58%final price
Conocophillips (COP)five days earlier+13.68%final price
Chevron (CVX)three days earlier+5.78%final price
Chevron (CVX)five days earlier+10.62%final price
United States Oil Fund (USO)three days earlier+6.75%final price
United States Oil Fund (USO)five days earlier+13.96%final price
Select Sector Spdr Tr (XLE)three days earlier+8.12%final price
Select Sector Spdr Tr (XLE)five days earlier+13.47%final price
ExxonMobil Holdings (XOM)three days earlier+7.37%final price
ExxonMobil Holdings (XOM)five days earlier+13.27%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 that tend to gain

  • FRO Frontline

    In “Oil futures: Brent nears $100/b as standoff, tanker attacks continue,” Frontline (FRO) tends to benefit, medium confidence. Reason on file: Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story

  • DHT DHT Holdings

    For “Oil futures: Brent nears $100/b as standoff, tanker attacks continue,” DHT Holdings (DHT) tends to benefit, medium confidence. Reason on file: DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story

No up or down call on file

  • USO United States Oil Fund

    In “Oil futures: Brent nears $100/b as standoff, tanker attacks continue,” 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 “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    In “Oil futures: Brent nears $100/b as standoff, tanker attacks continue,” 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

  • BWET Amplify Commodity Trust

    In “Oil futures: Brent nears $100/b as standoff, tanker attacks continue,” 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 “tanker” (tanker shipping) in this story

  • XOM ExxonMobil Holdings

    For “Oil futures: Brent nears $100/b as standoff, tanker attacks continue,” 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

United States Oil Fund (USO) and the energy link

United States Oil Fund (USO) is the company in “Oil futures: Brent nears $100/b as standoff, tanker attacks continue,” the 6 Nov 2026 Energy story.

The link for United States Oil Fund (USO) is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (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 “oil” (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 143.02 and 171.80 across 20 sessions. The latest close on file is 145.42. 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

“Oil futures: Brent nears $100/b as standoff, tanker attacks continue” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.