PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns
Published . Updated .
This report is about oil and tanker shipping.
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 “middle east” (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 “middle east” (defense) in this story.
- KSA iShares MSCI Saudi Arabia ETF-7.6% 30d
iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”).
- XOM ExxonMobil Holdings+13.4% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+15.7% 30d
Chevron (petroleum refining): 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.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USONo price data for this ticker | — | — | — | — | — | — | — |
| XLE | -0.51% | -2.20% | base | after close | after close | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| ITANo price data for this ticker | — | — | — | — | — | — | — |
| KSANo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -1.45% | -2.77% | base | after close | after close | after close | after close |
| CVX | -1.54% | -2.69% | base | after close | after close | after close | after close |
| COPNo price data for this ticker | — | — | — | — | — | — | — |
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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PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns EnergyNow.com
Source: EnergyNow.com
18 earlier Red Sea stories for United States Oil Fund (USO)
Across 18 earlier stories, United States Oil Fund (USO) the next day averaged -0.41%. The largest gain was +2.68% and the largest drop was -3.49%, from 2 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | -0.41% | +2.68% | -3.49% | 2 |
| United States Oil Fund (USO) | three days later | +2.58% | +2.58% | +2.58% | 1 |
| Select Sector Spdr Tr (XLE) | the next day | +1.33% | +2.88% | -1.51% | 17 |
| Select Sector Spdr Tr (XLE) | three days later | +0.53% | +1.30% | -0.87% | 17 |
- The workforce numbers that leave Indian seafarers exposed as attacks spread from Strait of Hormuz to Red Sea
- Indian among 2 dead as Houthis target Saudi Dammam airport
- Oil prices rise as supply concerns linger amid Houthi attacks on Saudi Arabia
- Brent Hits $114 as Houthi Attacks Threaten Saudi Energy Infrastructure
- Oil little changed as supply concern lingers amid Houthi attacks on Saudi Arabia
- Brent crude oil price nears $114, WTI tops $100 amid Houthi attacks on Saudi Arabia
United States Oil Fund (USO) compared with energy stocks (XLE) since 1 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Chevron (CVX) | three days earlier | -2.69% | final price |
| Chevron (CVX) | five days earlier | -1.54% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.20% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -0.51% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -2.77% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -1.45% | 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 18 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 62 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 18 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 39 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 60 days before publication. Filed 7 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 67 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 69 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 72 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).
Red Sea, seven days against thirty
Geopolitics Alpha has 68 stories about Red Sea from the past 7 days and 213 stories from the past 30. That is faster than its usual pace over the past month. “PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns” is tagged to Red Sea.
Who collects and who pays in energy
Companies carried with this story
- USO United States Oil Fund
In “PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- BWET Amplify Commodity Trust
For “PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “middle east” (tanker shipping) in this story
- ITA IShares U.S. Aerospace & Defense ETF
For “PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “middle east” (defense) in this story
- KSA Ishares Msci Saudi Arabia Etf
For “PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns,” Ishares Msci Saudi Arabia Etf (KSA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”)
- XOM ExxonMobil Holdings
In “PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
In “PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
How energy news reaches United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns,” the 1 Nov 2026 Red Sea story.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
The price range for United States Oil Fund (USO), and the dates in the story
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.
What the saved facts support for United States Oil Fund (USO)
46 out of 100
“PERSPECTIVE: Oil Prices Unlikely to Fall as Houthi Attacks Threaten Saudi Export Routes, Middle East Expert Warns” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.