Geopolitics Alpha

Saudi Crude Output Jumps 26% as Riyadh Reports Near Pre-War Production

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, ITA, BWET, KSA
  • Market reaction: XLE +1.3% on the day (still updating); USO +1.2% on the day (still updating); BWET +4.8% on the day (still updating)

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ENERGYSaudi Crude Output Jumps 26% asRiyadh Reports Near Pre-WarProductionGEOPOLITICS ALPHA

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

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund

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

  • XLE Energy Select Sector SPDR

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

  • ITA iShares U.S. Aerospace & Defense ETF

    iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.

  • BWET Breakwave Tanker Shipping ETF

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

  • KSA iShares MSCI Saudi Arabia ETF

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

  • XOM ExxonMobil Holdings

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

  • CVX Chevron

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

  • SHEL Shell

    Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+2.78%+4.95%base+1.23%after closeafter closeafter close
XLE+2.11%-0.95%base+1.29%after closeafter closeafter close
ITA-2.04%-4.68%base+0.59%after closeafter closeafter close
BWET+35.67%+29.19%base+4.76%after closeafter closeafter close
KSA-1.24%-1.57%base+1.38%after closeafter closeafter close
XOM+3.07%+0.89%base+1.10%after closeafter closeafter close
CVX+2.73%+0.67%base+0.48%after closeafter closeafter close
SHEL+4.68%+1.86%base+0.48%after 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.

Saudi Crude Output Jumps 26% as Riyadh Reports Near Pre-War Production Crude Oil Prices Today | OilPrice.com

Source: Crude Oil Prices Today | OilPrice.com

How far United States Oil Fund (USO) has moved since 11 Nov 2026

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)that day+4.76%still updating
Amplify Commodity Trust (BWET)three days earlier+29.19%final price
Amplify Commodity Trust (BWET)five days earlier+35.67%final price
Chevron (CVX)that day+0.48%still updating
Chevron (CVX)three days earlier+0.67%final price
Chevron (CVX)five days earlier+2.73%final price
IShares U.S. Aerospace & Defense ETF (ITA)that day+0.59%still updating
IShares U.S. Aerospace & Defense ETF (ITA)three days earlier-4.68%final price
IShares U.S. Aerospace & Defense ETF (ITA)five days earlier-2.04%final price
Ishares Msci Saudi Arabia Etf (KSA)that day+1.38%still updating
Ishares Msci Saudi Arabia Etf (KSA)three days earlier-1.57%final price
Ishares Msci Saudi Arabia Etf (KSA)five days earlier-1.24%final price
Shell (SHEL)that day+0.48%still updating
Shell (SHEL)three days earlier+1.86%final price
Shell (SHEL)five days earlier+4.68%final price
United States Oil Fund (USO)that day+1.23%still updating
United States Oil Fund (USO)three days earlier+4.95%final price
United States Oil Fund (USO)five days earlier+2.78%final price
Select Sector Spdr Tr (XLE)that day+1.29%still updating
Select Sector Spdr Tr (XLE)three days earlier-0.95%final price
Select Sector Spdr Tr (XLE)five days earlier+2.11%final price
ExxonMobil Holdings (XOM)that day+1.10%still updating
ExxonMobil Holdings (XOM)three days earlier+0.89%final price
ExxonMobil Holdings (XOM)five days earlier+3.07%final price

Congressional trades 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).

Who collects and who pays in energy

Companies that tend to gain

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 11 Nov 2026 story “Saudi Crude Output Jumps 26% as Riyadh Reports Near Pre-War Production.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story

No up or down call on file

  • USO United States Oil Fund

    In “Saudi Crude Output Jumps 26% as Riyadh Reports Near Pre-War Production,” 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 “crude” (oil) in this story

  • XLE Select Sector Spdr Tr

    In “Saudi Crude Output Jumps 26% as Riyadh Reports Near Pre-War Production,” 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 “crude” (oil) in this story

  • ITA IShares U.S. Aerospace & Defense ETF

    In “Saudi Crude Output Jumps 26% as Riyadh Reports Near Pre-War Production,” 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 “war” (defense) in this story

  • BWET Amplify Commodity Trust

    In “Saudi Crude Output Jumps 26% as Riyadh Reports Near Pre-War Production,” 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 “crude” (tanker shipping) in this story

United States Oil Fund (USO) and the energy link

United States Oil Fund (USO) is the company in “Saudi Crude Output Jumps 26% as Riyadh Reports Near Pre-War Production,” the 11 Nov 2026 Energy story.

What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “crude” (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 “crude” (oil) in this story

Price levels for United States Oil Fund (USO)

ITA traded between 197.59 and 218.73 across 20 sessions. The latest close on file is 216.38. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.

A simple score for United States Oil Fund (USO)

46 out of 100Price not final

“Saudi Crude Output Jumps 26% as Riyadh Reports Near Pre-War Production” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.