Platts to update Sunflower Oil Black Sea basis location, Nov. 16
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This report is about oil and tanker shipping.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+8.9% 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 “oil” (tanker shipping) in this story.
- FRO Frontline+8.7% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (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 “oil” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+6.2% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+12.5% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- INSW International Seaways-3.9% 12d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “oil” (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 | +4.37% | +7.30% | base | -0.01% | after close | after close | after close |
| XLE | +1.44% | +2.16% | base | -0.36% | after close | after close | after close |
| BWET | -1.54% | +2.86% | base | -8.08% | after close | after close | after close |
| FRO | +3.34% | +8.65% | base | -1.21% | after close | after close | after close |
| DHT | +1.11% | +5.11% | base | -1.07% | after close | after close | after close |
| XOM | +0.06% | +1.89% | base | -1.00% | after close | after close | after close |
| CVX | +0.19% | +1.58% | base | -0.75% | after close | after close | after close |
| INSW | +5.42% | +7.55% | base | -0.94% | 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.
Platts to update Sunflower Oil Black Sea basis location, Nov. 16 S&P Global
Source: S&P Global
How United States Oil Fund (USO) moved after the last 13 energy shocks
United States Oil Fund (USO) the next day, across 13 earlier stories: average -1.71%, largest gain +6.10%, largest drop -3.69%, from 10 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | -1.71% | +6.10% | -3.69% | 10 |
| United States Oil Fund (USO) | three days later | -0.92% | +2.22% | -1.37% | 8 |
| Select Sector Spdr Tr (XLE) | the next day | -0.44% | +2.25% | -1.51% | 10 |
| Select Sector Spdr Tr (XLE) | three days later | -0.74% | +0.18% | -0.87% | 8 |
| Amplify Commodity Trust (BWET) | the next day | +0.62% | +4.09% | +0.12% | 8 |
| Amplify Commodity Trust (BWET) | three days later | +4.59% | +4.59% | +4.59% | 7 |
| ExxonMobil Holdings (XOM) | the next day | +2.85% | +2.88% | +2.84% | 3 |
| ExxonMobil Holdings (XOM) | three days later | +1.19% | +1.19% | +1.19% | 1 |
- Black Sea Shipping Faces Insurance Squeeze as Constanta Port Stays Resilient
- Black Sea has become the world’s most dangerous shipping route – FT
- Carlyle sells Romania's Black Sea Oil & Gas to Mazarine
- Carlyle Group to sell its Romanian Black Sea offshore natural gas producer
- Freight rates for Russian oil stay at record highs amid tanker shortage, Black Sea risks, sources say
- Carlyle and EBRD to Sell Black Sea Oil & Gas to Mazarine Energy
United States Oil Fund (USO) compared with energy stocks (XLE) since 3 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | -8.08% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +2.86% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | -1.54% | final price |
| Chevron (CVX) | that day | -0.75% | still updating |
| Chevron (CVX) | three days earlier | +1.58% | final price |
| Chevron (CVX) | five days earlier | +0.19% | final price |
| DHT | that day | -1.07% | still updating |
| DHT | three days earlier | +5.11% | final price |
| DHT | five days earlier | +1.11% | final price |
| Frontline (FRO) | that day | -1.21% | still updating |
| Frontline (FRO) | three days earlier | +8.65% | final price |
| Frontline (FRO) | five days earlier | +3.34% | final price |
| INSW | that day | -0.94% | still updating |
| INSW | three days earlier | +7.55% | final price |
| INSW | five days earlier | +5.42% | final price |
| United States Oil Fund (USO) | that day | -0.01% | still updating |
| United States Oil Fund (USO) | three days earlier | +7.30% | final price |
| United States Oil Fund (USO) | five days earlier | +4.37% | final price |
| Select Sector Spdr Tr (XLE) | that day | -0.36% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +2.16% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +1.44% | final price |
| ExxonMobil Holdings (XOM) | that day | -1.00% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +1.89% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +0.06% | 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 20 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 64 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 20 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 41 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 62 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 69 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 71 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 74 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).
Black Sea on the map for this story
Geopolitics Alpha has 12 stories about Black Sea from the past 7 days and 53 stories from the past 30. That is about its usual pace over the past month. “Platts to update Sunflower Oil Black Sea basis location, Nov. 16” is tagged to Black Sea.
Companies in energy around United States Oil Fund (USO)
Companies mentioned with this story
- USO United States Oil Fund
For “Platts to update Sunflower Oil Black Sea basis location, Nov. 16,” 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
In “Platts to update Sunflower Oil Black Sea basis location, Nov. 16,” 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 “oil” (oil) in this story
- BWET Amplify Commodity Trust
In “Platts to update Sunflower Oil Black Sea basis location, Nov. 16,” 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 “oil” (tanker shipping) in this story
- XOM ExxonMobil Holdings
For “Platts to update Sunflower Oil Black Sea basis location, Nov. 16,” 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 “Platts to update Sunflower Oil Black Sea basis location, Nov. 16,” 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 3 Nov 2026 story “Platts to update Sunflower Oil Black Sea basis location, Nov. 16.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- SHEL Shell
Shell (SHEL) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Platts to update Sunflower Oil Black Sea basis location, Nov. 16.” Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- FRO Frontline
Frontline (FRO) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Platts to update Sunflower Oil Black Sea basis location, Nov. 16.” Reason on file: Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) in this story
How energy news reaches United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Platts to update Sunflower Oil Black Sea basis location, Nov. 16,” the 3 Nov 2026 Black Sea story.
What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (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 “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 156.89. XLE traded between 62.95 and 70.15 across 20 sessions. The latest close on file is 67.26.
How solid the energy case looks
46 out of 100Price not final
“Platts to update Sunflower Oil Black Sea basis location, Nov. 16” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.