Petrol prices drive highest Philippine inflation in years
Published . Updated .
Covered by 3 outlets: Macau Business, Gulf News, The Straits Times.
Key takeaways
- International, MNA | Soaring petrol prices driven by the Middle East conflict pushed inflation in the Philippines to a 44-month high of 7.8 percent in October, the government said Thursday, as the country continues to struggle with a devalued peso.
- Exposed: USO, XLE, BWET, EPHE, EMB
- Market reaction: price tracking starts with the next trading session.
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International, MNA | Soaring petrol prices driven by the Middle East conflict pushed inflation in the Philippines to a 44-month high of 7.8 percent in October, the government said Thursday, as the country continues to struggle with a devalued peso.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “petrol” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “petrol” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “petrol” (tanker shipping) in this story.
- EPHE iShares MSCI Philippines ETF
iShares MSCI Philippines ETF holds stocks listed in the Philippines, which this story is about (“philippine”).
- EWW iShares MSCI Mexico ETF-1.4% 8d
iShares MSCI Mexico ETF holds stocks listed in Mexico, which this story is about (“peso”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from the Philippines.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-2.6% 8d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in the Philippines
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from the Philippines.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +15.71% | +7.84% | base | after close | after close | after close | after close |
| XLE | +8.14% | +5.85% | base | after close | after close | after close | after close |
| BWET | +32.30% | +28.62% | base | after close | after close | after close | after close |
| EPHE | -1.64% | -2.04% | base | after close | after close | after close | after close |
| EWWNo price data for this ticker | — | — | — | — | — | — | — |
| CEWNo price data for this ticker | — | — | — | — | — | — | — |
| EMB | -0.15% | -0.65% | base | after close | after close | after close | after close |
| EMLC | -0.22% | -0.61% | base | after close | 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.
Petrol prices drive highest Philippine inflation in years Macau Business
Source: Macau Business
United States Oil Fund (USO) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | +28.62% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +32.30% | final price |
| Ishares Tr (EMB) | three days earlier | -0.65% | final price |
| Ishares Tr (EMB) | five days earlier | -0.15% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | three days earlier | -0.61% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | five days earlier | -0.22% | final price |
| Ishares Tr (EPHE) | three days earlier | -2.04% | final price |
| Ishares Tr (EPHE) | five days earlier | -1.64% | final price |
| United States Oil Fund (USO) | three days earlier | +7.84% | final price |
| United States Oil Fund (USO) | five days earlier | +15.71% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +5.85% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +8.14% | final price |
Members of Congress who traded United States Oil Fund (USO) near this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 22 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 66 days before publication. Filed 25 Sep 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).
The Middle East count beside this story
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Petrol prices drive highest Philippine inflation in years” is tagged to Middle East.
Who is named in “Petrol prices drive highest Philippine inflation in years”
Companies tied to this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Petrol prices drive highest Philippine inflation in years.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “petrol” (oil) in this story
- XLE Select Sector Spdr Tr
In “Petrol prices drive highest Philippine inflation in years,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “petrol” (oil) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Petrol prices drive highest Philippine inflation in years.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “petrol” (tanker shipping) in this story
- EPHE Ishares Tr
In “Petrol prices drive highest Philippine inflation in years,” Ishares Tr (EPHE) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Philippines ETF holds stocks listed in the Philippines, which this story is about (“philippine”)
- EMB Ishares Tr
In “Petrol prices drive highest Philippine inflation in years,” Ishares Tr (EMB) is linked, with no stored direction, medium confidence. Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in the Philippines
- EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Petrol prices drive highest Philippine inflation in years.” Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from the Philippines
- EEM Ishares Tr
Ishares Tr (EEM) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Petrol prices drive highest Philippine inflation in years.” Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes the Philippines
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Petrol prices drive highest Philippine inflation in years.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petrol” (oil) in this story
What Middle East means for United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Petrol prices drive highest Philippine inflation in years,” the 5 Nov 2026 Middle East story.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “petrol” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “petrol” (oil) in this story
Price levels for United States Oil Fund (USO)
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
What the saved facts support for United States Oil Fund (USO)
62 out of 100
“Petrol prices drive highest Philippine inflation in years” scores 62 out of 100. The score uses 3 sources, and 8 linked companies.