Geopolitics Alpha

Oil rises over 1% after Saudi Arabian refinery attack reignites supply risk By Reuters

Published . Updated .

ENERGYOil rises over 1% after SaudiArabian refinery attack reignitessupply risk By ReutersGEOPOLITICS ALPHA

This report is about oil and refining. Names like XOM typically gain because exxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+2.7% 30d

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

  • XLE Energy Select Sector SPDR+5.6% 30d

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

  • CRAK VanEck Oil Refiners ETF

    VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.

  • BWET Breakwave Tanker Shipping ETF+61.1% 18d

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

  • KSA iShares MSCI Saudi Arabia ETF-9.1% 30d

    iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”).

  • XOM ExxonMobil Holdings+11.8% 12d

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

  • VLO Valero Energy+11.5% 30d

    Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • CVX Chevron+6.5% 30d

    Chevron (petroleum refining): 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-2.37%+3.62%baseafter closeafter closeafter closeafter close
XLE-0.12%+1.60%baseafter closeafter closeafter closeafter close
CRAKNo price data for this ticker———————
BWETNo price data for this ticker———————
KSANo price data for this ticker———————
XOM-1.00%+1.85%baseafter closeafter closeafter closeafter close
VLO+12.72%+8.25%baseafter closeafter closeafter closeafter close
CVX-0.66%+2.17%baseafter closeafter 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.

Market Call

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Oil rises over 1% after Saudi Arabian refinery attack reignites supply risk By Reuters Investing.com

Source: Investing.com

Energy

CompanyWhenMoveStatus
CVXthree days earlier+2.17%final price
CVXfive days earlier-0.66%final price
USOthree days earlier+3.62%final price
USOfive days earlier-2.37%final price
VLOthree days earlier+8.25%final price
VLOfive days earlier+12.72%final price
XLEthree days earlier+1.60%final price
XLEfive days earlier-0.12%final price
XOMthree days earlier+1.85%final price
XOMfive days earlier-1.00%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).

How solid the energy case looks

12 out of 100

“Oil rises over 1% after Saudi Arabian refinery attack reignites supply risk By Reuters” scores 12 out of 100. The score uses 1 sources.