Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years
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The Philippine's latest inflation number is the highest since February 2023.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “petrol” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “petrol” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “middle east” (tanker shipping) in this story.
- ITA iShares U.S. Aerospace & Defense ETF+1.1% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “middle east” (defense) in this story.
- EPHE iShares MSCI Philippines ETF
iShares MSCI Philippines ETF holds stocks listed in the Philippines, which this story is about (“philippine”).
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-2.6% 8d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in the Philippines
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from the Philippines.
- EEM iShares MSCI Emerging Markets ETF-1.7% 19d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes the Philippines
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +15.71% | +7.84% | base | after close | after close | after close | after close |
| XLE | +8.14% | +5.85% | base | after close | after close | after close | after close |
| BWET | +32.30% | +28.62% | base | after close | after close | after close | after close |
| ITA | +0.76% | +0.87% | base | after close | after close | after close | after close |
| EPHE | -1.64% | -2.04% | base | after close | after close | after close | after close |
| EMB | -0.15% | -0.65% | base | after close | after close | after close | after close |
| EMLC | -0.22% | -0.61% | base | after close | after close | after close | after close |
| EEM | +1.82% | -0.81% | 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.
Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years CNA
Source: CNA
The price since 5 Nov 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | +28.62% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +32.30% | final price |
| Ishares Tr (EEM) | three days earlier | -0.81% | final price |
| Ishares Tr (EEM) | five days earlier | +1.82% | final price |
| Ishares Tr (EMB) | three days earlier | -0.65% | final price |
| Ishares Tr (EMB) | five days earlier | -0.15% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | three days earlier | -0.61% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | five days earlier | -0.22% | final price |
| Ishares Tr (EPHE) | three days earlier | -2.04% | final price |
| Ishares Tr (EPHE) | five days earlier | -1.64% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days earlier | +0.87% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | five days earlier | +0.76% | final price |
| United States Oil Fund (USO) | three days earlier | +7.84% | final price |
| United States Oil Fund (USO) | five days earlier | +15.71% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +5.85% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +8.14% | final price |
How busy Middle East has been lately
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years” is tagged to Middle East.
Who gains and who pays if Middle East stays in the story
Companies mentioned with this story
- USO United States Oil Fund
In “Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years,” 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 “petrol” (oil) in this story
- XLE Select Sector Spdr Tr
For “Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years,” 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 “petrol” (oil) in this story
- BWET Amplify Commodity Trust
For “Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years,” 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 “middle east” (tanker shipping) in this story
- ITA IShares U.S. Aerospace & Defense ETF
For “Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years,” 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 “middle east” (defense) in this story
- EPHE Ishares Tr
In “Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years,” Ishares Tr (EPHE) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Philippines ETF holds stocks listed in the Philippines, which this story is about (“philippine”)
- EMB Ishares Tr
Ishares Tr (EMB) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years.” Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in the Philippines
- EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf
For “Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from the Philippines
- EEM Ishares Tr
For “Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes the Philippines
How a Middle East shock reaches United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years,” the 5 Nov 2026 Middle East story.
The link for United States Oil Fund (USO) is this: United States Oil Fund: its price follows crude oil. Linked by “petrol” (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 “petrol” (oil) in this story
Dates in the story, and the United States Oil Fund (USO) price range
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
What the saved facts support for United States Oil Fund (USO)
46 out of 100
“Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.