Shafaq News..Basrah crude loses over 23% on week
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Shafaq News- BasrahIraq’s Basrah crude ended the week down more than 23%, despite gains in the final trading session and higher benchmark crude futures.Basrah Heavy crude climbed by $2.59, or 4.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-0.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “crude” (oil) in this story.
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
- CVX Chevron+4.2% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
- SHEL Shell+3.5% 11d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
- OXY Occidental Petroleum+10.3% 18d
Occidental Petroleum (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
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +5.62% | -2.06% | base | after close | after close | after close | after close |
| XLE | +9.12% | +3.08% | base | after close | after close | after close | after close |
| XOM | +8.37% | +2.16% | base | after close | after close | after close | after close |
| CVX | +7.15% | +2.05% | base | after close | after close | after close | after close |
| SHEL | +5.91% | +2.77% | base | after close | after close | after close | after close |
| OXY | +7.63% | +1.63% | 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.
Shafaq News..Basrah crude loses over 23% on week شفق نيوز
Source: 블루밍비트
Price since this story was published: United States Oil Fund (USO)
| Company | When | Move | Status |
|---|---|---|---|
| Chevron (CVX) | three days earlier | +2.05% | final price |
| Chevron (CVX) | five days earlier | +7.15% | final price |
| Occidental Petroleum (OXY) | three days earlier | +1.63% | final price |
| Occidental Petroleum (OXY) | five days earlier | +7.63% | final price |
| Shell (SHEL) | three days earlier | +2.77% | final price |
| Shell (SHEL) | five days earlier | +5.91% | final price |
| United States Oil Fund (USO) | three days earlier | -2.06% | final price |
| United States Oil Fund (USO) | five days earlier | +5.62% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +3.08% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +9.12% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +2.16% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +8.37% | 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 24 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 68 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 24 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 45 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 66 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 78 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).
Who gains and who loses around United States Oil Fund (USO)
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 7 Nov 2026 story “Shafaq News..Basrah crude loses over 23% on week.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story
- XLE Select Sector Spdr Tr
For “Shafaq News..Basrah crude loses over 23% on week,” 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
- SHEL Shell
Shell (SHEL) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “Shafaq News..Basrah crude loses over 23% on week.” Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story
- OXY Occidental Petroleum
Occidental Petroleum (OXY) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “Shafaq News..Basrah crude loses over 23% on week.” Reason on file: Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “Shafaq News..Basrah crude loses over 23% on week.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story
- CVX Chevron
Chevron (CVX) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “Shafaq News..Basrah crude loses over 23% on week.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story
How energy news reaches United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Shafaq News..Basrah crude loses over 23% on week,” the 7 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
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “crude” (oil) in this story
The price range for United States Oil Fund (USO), and the dates in the story
SHEL traded between 94.35 and 97.63 across 8 sessions. The latest close on file is 96.51. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.22. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
How solid the energy case looks
46 out of 100
“Shafaq News..Basrah crude loses over 23% on week” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.