Geopolitics Alpha

Oil gains over $1 on Strait of Hormuz shipping disruptions, Russia tensions

Published . Updated .

Covered by 3 outlets: GV Wire, Euronext Markets: Real-time Stock Market Data | live, Central Oregon Daily.

Key takeaways

  • By Siddharth Cavale NEW YORK, Nov 12 (Reuters) - Oil prices rose on Thursday by more than $1 a barrel, as continued disruptions to shipping through the Strait of Hormuz
  • Exposed: CVX, MATX, COP, ZIM, USO
  • Market reaction: CVX +1.5% on the day; MATX +0.5% on the day; BWET +5.3% on the day

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Oil gains over $1 on Strait of Hormuz shipping disruptions, Russia tensions

By Siddharth Cavale NEW YORK, Nov 12 (Reuters) - Oil prices rose on Thursday by more than $1 a barrel, as continued disruptions to shipping through the Strait of Hormuz

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.

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “shipping” (container shipping) 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.

  • COP ConocoPhillips+6.5% 30d

    ConocoPhillips (petroleum refining): 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.

  • ZIM ZIM Integrated Shipping Services+1.8% 30d

    ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) 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
BWET+23.15%+6.41%base+5.26%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
COP-1.64%-2.34%base+1.97%after closeafter closeafter close
SHELNo price data for this ticker———————
ZIM-5.29%-1.71%base+0.90%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.

Oil Gains Over $1 on Strait of Hormuz Shipping Disruptions, Russia Tensions GV Wire

Source: GV Wire

How Chevron (CVX) moved across the last 16 energy stories

Those 16 earlier stories put Chevron (CVX) at an average move of -3.60% the next day. Largest gain -1.81%, largest drop -4.40%, from 13 prices.

CompanyWhenAverageLargest gainLargest dropPrices
Chevron (CVX)the next day-3.60%-1.81%-4.40%13
Chevron (CVX)three days later-5.49%-2.66%-6.75%13
Matson (MATX)the next day-3.78%-3.78%-3.78%1
Matson (MATX)three days later-5.18%-5.18%-5.18%1
Conocophillips (COP)the next day-6.18%-6.18%-6.18%4
Conocophillips (COP)three days later-6.83%-6.83%-6.83%4
ZIM Integrated Shipping Services (ZIM)the next day-6.34%-6.34%-6.34%1
ZIM Integrated Shipping Services (ZIM)three days later-2.15%-2.15%-2.15%1

Price since this story was published: Chevron (CVX)

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)that day+5.26%final price
Amplify Commodity Trust (BWET)three days earlier+6.41%final price
Amplify Commodity Trust (BWET)five days earlier+23.15%final price
Conocophillips (COP)that day+1.97%final price
Conocophillips (COP)three days earlier-2.34%final price
Conocophillips (COP)five days earlier-1.64%final price
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
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
ZIM Integrated Shipping Services (ZIM)that day+0.90%final price
ZIM Integrated Shipping Services (ZIM)three days earlier-1.71%final price
ZIM Integrated Shipping Services (ZIM)five days earlier-5.29%final price

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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).

Strait of Hormuz, seven days against thirty

Strait of Hormuz

Geopolitics Alpha has 217 stories about Strait of Hormuz from the past 7 days and 705 stories from the past 30. That is about its usual pace over the past month. “Oil gains over $1 on Strait of Hormuz shipping disruptions, Russia tensions” is tagged to Strait of Hormuz.

Companies in energy around Chevron (CVX)

Likely winners

  • CVX Chevron

    Chevron (CVX) tends to benefit, medium confidence in the 12 Nov 2026 story “Oil gains over $1 on Strait of Hormuz shipping disruptions, Russia tensions.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • XOM ExxonMobil Holdings

    For “Oil gains over $1 on Strait of Hormuz shipping disruptions, Russia tensions,” ExxonMobil Holdings (XOM) tends to benefit, 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

No up or down call on file

  • MATX Matson

    Matson (MATX) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Oil gains over $1 on Strait of Hormuz shipping disruptions, Russia tensions.” Reason on file: Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story

  • COP Conocophillips

    For “Oil gains over $1 on Strait of Hormuz shipping disruptions, Russia tensions,” 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 “oil” (oil) in this story

  • ZIM ZIM Integrated Shipping Services

    In “Oil gains over $1 on Strait of Hormuz shipping disruptions, Russia tensions,” ZIM Integrated Shipping Services (ZIM) is linked, with no stored direction, medium confidence. Reason on file: ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in 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 “Oil gains over $1 on Strait of Hormuz shipping disruptions, Russia tensions.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

From Strait of Hormuz to Chevron (CVX)

On 12 Nov 2026, “Oil gains over $1 on Strait of Hormuz shipping disruptions, Russia tensions” is the story that connects Chevron (CVX) to Strait of Hormuz.

What ties Chevron (CVX) to the headline is this: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

Also listed, Matson (MATX): Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story

What this energy story puts on the calendar

COP traded between 131.18 and 152.76 across 20 sessions. The latest close on file is 137.77. CVX traded between 206.11 and 236.45 across 20 sessions. The latest close on file is 213.20. MATX traded between 202.83 and 233.52 across 12 sessions. The latest close on file is 212.15.

How strong the case is around Chevron (CVX)

62 out of 100

“Oil gains over $1 on Strait of Hormuz shipping disruptions, Russia tensions” scores 62 out of 100. The score uses 3 sources, and 8 linked companies.