Saudi, Singapore Announce Oil Storage Deal
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+2.7% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+5.6% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF+70.4% 19d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- KSA iShares MSCI Saudi Arabia ETF-9.1% 30d
iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”).
- EWS iShares MSCI Singapore ETF
iShares MSCI Singapore ETF holds stocks listed in Singapore, which this story is about (“singapore”).
- FRO Frontline+7.1% 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.
- XOM ExxonMobil Holdings+11.8% 12d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) 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.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | -5.13% | -5.78% | base | -1.59% | -2.57% | after close | after close |
| XLE | -2.19% | -1.69% | base | +0.30% | -0.26% | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| KSANo price data for this ticker | — | — | — | — | — | — | — |
| EWSNo price data for this ticker | — | — | — | — | — | — | — |
| FRONo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -2.72% | -2.80% | base | +0.41% | +0.28% | after close | after close |
| DHTNo 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.
Market Call
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Saudi, Singapore Announce Oil Storage Deal Rigzone
Source: Rigzone
How far United States Oil Fund (USO) has moved since 26 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| United States Oil Fund (USO) | that day | -1.59% | final price |
| United States Oil Fund (USO) | the next day | -2.57% | still updating |
| United States Oil Fund (USO) | three days earlier | -5.78% | final price |
| United States Oil Fund (USO) | five days earlier | -5.13% | final price |
| Select Sector Spdr Tr (XLE) | that day | +0.30% | final price |
| Select Sector Spdr Tr (XLE) | the next day | -0.26% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -1.69% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -2.19% | final price |
| XOM | that day | +0.41% | final price |
| XOM | the next day | +0.28% | still updating |
| XOM | three days earlier | -2.80% | final price |
| XOM | five days earlier | -2.72% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 56 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 87 days before publication. Filed 22 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).
United States Oil Fund (USO) on one side of this energy story
Likely winners
- USO United States Oil Fund
United States Oil Fund (USO) tends to benefit, medium confidence in the 26 Oct 2026 story “Saudi, Singapore Announce Oil Storage Deal.” Reason on file: This fund moves with oil prices. Linked by “oil + saudi” in this story
- XLE Select Sector Spdr Tr
In “Saudi, Singapore Announce Oil Storage Deal,” Select Sector Spdr Tr (XLE) tends to benefit, medium confidence. Reason on file: A fund of energy companies. Linked by “oil + saudi” in this story
- XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf
For “Saudi, Singapore Announce Oil Storage Deal,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) tends to benefit, medium confidence. Reason on file: A fund of oil and gas producers. Linked by “oil + saudi” in this story
No up or down call on file
- BNO United States Brent Oil Fund
In “Saudi, Singapore Announce Oil Storage Deal,” United States Brent Oil Fund (BNO) is linked, with no stored direction, medium confidence. Reason on file: Tracks Brent, the global crude benchmark. Linked by “oil + saudi” in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Saudi, Singapore Announce Oil Storage Deal.” Reason on file: Tanker freight rates move when crude trade flows shift. Linked by “oil + saudi” in this story
United States Oil Fund (USO) and the energy link
“Saudi, Singapore Announce Oil Storage Deal” (26 Oct 2026) reaches United States Oil Fund (USO) through Energy.
For United States Oil Fund (USO), the reason on file says This fund moves with oil prices. Linked by “oil + saudi” in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: A fund of energy companies. Linked by “oil + saudi” in this story
Dates and price levels for United States Oil Fund (USO)
BNO traded between 58.70 and 71.28 across 20 sessions. The latest close on file is 70.11. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 166.26. XLE traded between 60.95 and 69.86 across 20 sessions. The latest close on file is 69.64.
How solid the energy case looks
40 out of 100Price not final
“Saudi, Singapore Announce Oil Storage Deal” scores 40 out of 100. The score uses 1 sources, and 5 linked companies. The price is not final yet.