Oil set for fourth monthly gain as Hormuz tanker attack highlights supply risks from war By Reuters
Published . Updated .
This report is about oil and tanker shipping. Names like FRO and DHT typically gain because frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+12.1% 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 “tanker” (tanker shipping) in this story.
- ITA iShares U.S. Aerospace & Defense ETF-3.0% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- FRO Frontline+14.2% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- DHT DHT Holdings
DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- INSW International Seaways+1.7% 11d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- TNK Teekay Tankers
Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (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 | +0.80% | -2.73% | base | +0.39% | after close | after close | after close |
| XLE | +0.88% | -0.71% | base | +1.87% | after close | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| ITANo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -6.45% | -4.89% | base | +0.49% | after close | after close | after close |
| DHT | -2.07% | -3.81% | base | -0.54% | after close | after close | after close |
| INSW | -2.50% | -1.98% | base | -1.80% | after close | after close | after close |
| TNK | -1.93% | -3.00% | base | -1.02% | after close | after close | after 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.
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Oil set for fourth monthly gain as Hormuz tanker attack highlights supply risks from war By Reuters Investing.com
Source: Investing.com
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| DHT | that day | -0.54% | final price |
| DHT | three days earlier | -3.81% | final price |
| DHT | five days earlier | -2.07% | final price |
| FRO | that day | +0.49% | final price |
| FRO | three days earlier | -4.89% | final price |
| FRO | five days earlier | -6.45% | final price |
| INSW | that day | -1.80% | final price |
| INSW | three days earlier | -1.98% | final price |
| INSW | five days earlier | -2.50% | final price |
| TNK | that day | -1.02% | final price |
| TNK | three days earlier | -3.00% | final price |
| TNK | five days earlier | -1.93% | final price |
| USO | that day | +0.39% | final price |
| USO | three days earlier | -2.73% | final price |
| USO | five days earlier | +0.80% | final price |
| XLE | that day | +1.87% | final price |
| XLE | three days earlier | -0.71% | final price |
| XLE | five days earlier | +0.88% | final price |
Strait of Hormuz, seven days against thirty
Geopolitics Alpha has 177 stories about Strait of Hormuz from the past 7 days and 450 stories from the past 30. That is faster than its usual pace over the past month. “Oil set for fourth monthly gain as Hormuz tanker attack highlights supply risks from war By Reuters” is tagged to Strait of Hormuz.
How solid the energy case looks
12 out of 100
“Oil set for fourth monthly gain as Hormuz tanker attack highlights supply risks from war By Reuters” scores 12 out of 100. The score uses 1 sources.