Oil Market Daily: Hormuz Is Still Burning, but Washington Is Looking the Other Way
Published . Updated .
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Market Analysis by Stephen Innes covering: Brent Oil Futures, Crude Oil WTI Futures. Read Stephen Innes's Market Analysis on Investing.com
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+7.4% 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 “oil” (tanker 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+4.7% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- OXY Occidental Petroleum+11.8% 17d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+8.3% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- FRO Frontline+0.8% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) 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 | +13.96% | +6.75% | base | +0.65% | -3.74% | -4.55% | -4.47% |
| XLE | +13.47% | +8.12% | base | -0.08% | +0.48% | +0.88% | +2.48% |
| BWET | +38.94% | +24.54% | base | +0.00% | -13.59% | -22.59% | -18.80% |
| XOM | +13.27% | +7.37% | base | +0.52% | -0.33% | -0.54% | +0.58% |
| CVX | +10.62% | +5.78% | base | +0.02% | -1.35% | -0.85% | -0.15% |
| OXY | +13.54% | +7.23% | base | +0.46% | -1.01% | +0.94% | +1.42% |
| COP | +13.68% | +6.58% | base | +0.61% | -0.69% | +0.09% | +1.78% |
| FRO | +27.38% | +17.44% | base | +2.08% | -0.85% | -1.76% | +1.77% |
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 Market Daily: Hormuz Is Still Burning, but Washington Is Looking the Other Way Investing.com
Source: Investing.com
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | 0.00% | final price |
| BWET | the next day | -13.59% | final price |
| BWET | two days later | -22.59% | final price |
| BWET | three days later | -18.80% | final price |
| BWET | three days earlier | +24.54% | final price |
| BWET | five days earlier | +38.94% | final price |
| COP | that day | +0.61% | final price |
| COP | the next day | -0.69% | final price |
| COP | two days later | +0.09% | final price |
| COP | three days later | +1.78% | final price |
| COP | three days earlier | +6.58% | final price |
| COP | five days earlier | +13.68% | final price |
| CVX | that day | +0.02% | final price |
| CVX | the next day | -1.35% | final price |
| CVX | two days later | -0.85% | final price |
| CVX | three days later | -0.15% | final price |
| CVX | three days earlier | +5.78% | final price |
| CVX | five days earlier | +10.62% | final price |
| FRO | that day | +2.08% | final price |
| FRO | the next day | -0.85% | final price |
| FRO | two days later | -1.76% | final price |
| FRO | three days later | +1.77% | final price |
| FRO | three days earlier | +17.44% | final price |
| FRO | five days earlier | +27.38% | final price |
| OXY | that day | +0.46% | final price |
| OXY | the next day | -1.01% | final price |
| OXY | two days later | +0.94% | final price |
| OXY | three days later | +1.42% | final price |
| OXY | three days earlier | +7.23% | final price |
| OXY | five days earlier | +13.54% | final price |
| USO | that day | +0.65% | final price |
| USO | the next day | -3.74% | final price |
| USO | two days later | -4.55% | final price |
| USO | three days later | -4.47% | final price |
| USO | three days earlier | +6.75% | final price |
| USO | five days earlier | +13.96% | final price |
| XLE | that day | -0.08% | final price |
| XLE | the next day | +0.48% | final price |
| XLE | two days later | +0.88% | final price |
| XLE | three days later | +2.48% | final price |
| XLE | three days earlier | +8.12% | final price |
| XLE | five days earlier | +13.47% | final price |
| XOM | that day | +0.52% | final price |
| XOM | the next day | -0.33% | final price |
| XOM | two days later | -0.54% | final price |
| XOM | three days later | +0.58% | final price |
| XOM | three days earlier | +7.37% | final price |
| XOM | five days earlier | +13.27% | 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 23 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 67 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 23 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 44 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 65 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 77 days before publication. Filed 8 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 72 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 74 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 77 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).
Strait of Hormuz, seven days against thirty
Geopolitics Alpha has 187 stories about Strait of Hormuz from the past 7 days and 714 stories from the past 30. That is about its usual pace over the past month. “Oil Market Daily: Hormuz Is Still Burning, but Washington Is Looking the Other Way” is tagged to Strait of Hormuz.
How solid the energy case looks
12 out of 100
“Oil Market Daily: Hormuz Is Still Burning, but Washington Is Looking the Other Way” scores 12 out of 100. The score uses 1 sources.