Geopolitics Alpha

Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise

Published . Updated .

The decline snapped multiday winning streaks for both Brent and WTI crude oil futures.

Directly affected

  • No company is named in this report.

Indirectly affected

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • OXY Occidental Petroleum

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips

    Oil producers earn more when crude prices rise

  • VLO Valero

    Refiners' profits move with crude and fuel prices

  • MPC Marathon Petroleum

    Refiners' profits move with crude and fuel prices

  • XOP SPDR S&P Oil & Gas Exploration

    A fund of oil and gas producers

  • XLE Energy Select Sector SPDR

    A fund of energy companies

  • USO United States Oil Fund

    This fund moves with oil prices

  • OIH VanEck Oil Services

    Oilfield services rise when drilling follows oil prices

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XOM———————
CVX———————
OXY———————
COP———————
VLO———————
MPC———————
XOP———————
XLE———————
USO———————
OIH———————

The decline snapped multiday winning streaks for both Brent and WTI crude oil futures.

Source: CNBC Top

How far United States Oil Fund (USO) has moved since 12 Sep 2026

Since the first closing price after “Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise,” United States Oil Fund (USO) is +2.66%. The S&P 500 fund (SPY) is +0.77% over the same days, a +1.89% difference versus the market. energy stocks (XLE) is +5.05%, a -2.39% difference versus that group of stocks.

USO
SPY
XLE

Disclosure records for United States Oil Fund (USO) within two months of 12 Sep 2026

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).

Where this story sits: Middle East

Middle East has 0 linked stories in the last 7 days and 0 in the last 30 on the page that also carries “Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise.”

United States Oil Fund (USO) on one side of this energy story

Companies mentioned with this story

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, high confidence in the 12 Sep 2026 story “Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • BNO United States Brent Oil Fund

    United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence in the 12 Sep 2026 story “Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • XLE Select Sector Spdr Tr

    In “Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf

    For “Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • AEIS Advanced Energy Industries

    Advanced Energy Industries (AEIS) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise.” Reason on file: GA selected AEIS as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AMPY Amplify Energy

    Amplify Energy (AMPY) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise.” Reason on file: GA selected AMPY as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • ATO Atmos Energy

    For “Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise,” Atmos Energy (ATO) is linked, with no stored direction, medium confidence. Reason on file: GA selected ATO as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BE Bloom Energy

    In “Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise,” Bloom Energy (BE) is linked, with no stored direction, medium confidence. Reason on file: GA selected BE as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

From Middle East to United States Oil Fund (USO)

On 12 Sep 2026, “Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise” is the story that connects United States Oil Fund (USO) to Middle East.

United States Oil Fund (USO) is on the page because Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

United States Brent Oil Fund (BNO) is here too. Its reason reads: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

The price range for United States Oil Fund (USO), and the dates in the story

BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. USO traded between 141.82 and 162.99 across 20 sessions. The latest close on file is 160.80. XLE traded between 60.95 and 68.51 across 20 sessions. The latest close on file is 67.80.

How strong the case is around United States Oil Fund (USO)

46 out of 100

“Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise” scores 46 out of 100. The score uses 1 sources, and 10 linked companies.