OIL PRICES RETREAT From Five-Month Highs as Russian Sanctions Relief Offsets Middle East Supply Fears

Directly affected

• No company is named in this report.

Indirectly affected

• LMT Lockheed Martin

  Defense contractors get more work when conflict spending rises

• RTX RTX

  Defense contractors get more work when conflict spending rises

• NOC Northrop Grumman

  Defense contractors get more work when conflict spending rises

• XLE Energy Select Sector SPDR

  Energy prices move when Russian supply is at risk

• GD General Dynamics

  Defense contractors get more work when conflict spending rises

• ITA iShares U.S. Aerospace & Defense

  A fund of aerospace and defense companies

• USO United States Oil Fund

  This fund moves with oil prices

• XOM Exxon Mobil

  Oil producers move when sanctioned barrels leave the market

• CVX Chevron

  Oil producers earn more when crude prices rise

• OXY Occidental Petroleum

  Oil producers earn more when crude prices rise

Price reaction, T-5 to T+3