Shrinking Gasoline and Diesel Supplies Lifts Crude Oil Prices
Published . Updated .
November WTI crude oil (CLX26 ) closed up +1.04 (+1.16%) on Wednesday, and November RBOB gasoline (RBX26 ) closed up +0.1282 (+4.09%). Crude oil and gasoline prices rallied sharply on Wednesday after Russia extended its diesel export ban, further tightening the global market. Also, attacks on vessels transiting the Strait...
Directly affected
- No company is named in this report.
Indirectly affected
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- RTX RTX
Defense contractors get more work when conflict spending rises
- NOC Northrop Grumman
Defense contractors get more work when conflict spending rises
- XLE Energy Select Sector SPDR
Energy prices move when Russian supply is at risk
- GD General Dynamics
Defense contractors get more work when conflict spending rises
- ITA iShares U.S. Aerospace & Defense
A fund of aerospace and defense companies
- XOM Exxon Mobil
Oil producers earn more when crude prices rise
- CVX Chevron
Oil producers earn more when crude prices rise
- USO United States Oil Fund
This fund moves with oil prices
- WEAT Teucrium Wheat
Wheat prices rise when Black Sea grain is disrupted
Price reaction, T-5 to T+3
November WTI crude oil (CLX26 ) closed up +1.04 (+1.16%) on Wednesday, and November RBOB gasoline (RBX26 ) closed up +0.1282 (+4.09%). Crude oil and gasoline prices rallied sharply on Wednesday after Russia extended its diesel export ban,…
Source: Nasdaq Markets
United States Oil Fund (USO) since this story, compared with the market
Since the first closing price after “Shrinking Gasoline and Diesel Supplies Lifts Crude Oil Prices,” United States Oil Fund (USO) is +7.14%. The S&P 500 fund (SPY) is +0.33% over the same days, a +6.81% difference versus the market. energy stocks (XLE) is +8.15%, a -1.02% difference versus that group of stocks.
Companies in energy around United States Oil Fund (USO)
Companies tied to this story
- USO United States Oil Fund
For “Shrinking Gasoline and Diesel Supplies Lifts Crude Oil Prices,” United States Oil Fund (USO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
- BNO United States Brent Oil Fund
For “Shrinking Gasoline and Diesel Supplies Lifts Crude Oil Prices,” United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
- XLE Select Sector Spdr Tr
For “Shrinking Gasoline and Diesel Supplies Lifts Crude Oil Prices,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
- XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf
State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence in the 30 Sep 2026 story “Shrinking Gasoline and Diesel Supplies Lifts Crude Oil Prices.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
- UGA United States Gasoline Fund
United States Gasoline Fund (UGA) is linked, with no stored direction, medium confidence in the 30 Sep 2026 story “Shrinking Gasoline and Diesel Supplies Lifts Crude Oil Prices.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
- GSG iShares S&P GSCI Commodity-Indexed Trust
For “Shrinking Gasoline and Diesel Supplies Lifts Crude Oil Prices,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
- DBA Invesco Db Agriculture Fund
In “Shrinking Gasoline and Diesel Supplies Lifts Crude Oil Prices,” Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
- MOO Vaneck Etf Trust
In “Shrinking Gasoline and Diesel Supplies Lifts Crude Oil Prices,” Vaneck Etf Trust (MOO) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
How energy news reaches United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Shrinking Gasoline and Diesel Supplies Lifts Crude Oil Prices,” the 30 Sep 2026 Energy story.
United States Oil Fund (USO) is on the page because Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
United States Brent Oil Fund (BNO) is here too. Its reason reads: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations
The price range for United States Oil Fund (USO), and the dates in the story
BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. USO traded between 141.82 and 162.99 across 20 sessions. The latest close on file is 160.80. XLE traded between 60.95 and 68.51 across 20 sessions. The latest close on file is 67.80.
How strong the case is around United States Oil Fund (USO)
46 out of 100
“Shrinking Gasoline and Diesel Supplies Lifts Crude Oil Prices” scores 46 out of 100. The score uses 1 sources, and 19 linked companies.