Geopolitics Alpha

Sugar Prices Pressured by Weakness in Crude Oil

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, DBA, XOM, CVX
  • Market reaction: USO −8.5% on the day (still updating); XLE −5.6% on the day (still updating); COP −5.9% on the day (still updating)

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ENERGYSugar Prices Pressured by Weaknessin Crude OilGEOPOLITICS ALPHA

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

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 “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+6.9% 30d

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

  • DBA Invesco DB Agriculture Fund-6.1% 30d

    Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “sugar” (grains and farm goods) in this story.

  • XOM ExxonMobil Holdings+2.0% 16d

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

  • CVX Chevron+9.6% 30d

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

  • COP ConocoPhillips+11.6% 30d

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

  • ADM Archer-Daniels-Midland-19.8% 30d

    Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “sugar” (grains and farm goods) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+5.38%+6.75%base-8.53%after closeafter closeafter close
XLE+2.64%+4.95%base-5.59%after closeafter closeafter close
DBA+2.11%+1.22%base-0.21%after closeafter closeafter close
XOM+2.57%+5.49%base-4.87%after closeafter closeafter close
CVX+1.76%+4.58%base-4.10%after closeafter closeafter close
SHEL+0.85%+4.31%base-2.37%after closeafter closeafter close
COP+3.21%+6.66%base-5.90%after closeafter closeafter close
ADM+9.32%+8.87%base-0.35%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.

Sugar Prices Pressured by Weakness in Crude Oil Barchart.com

Source: Barchart.com

Price since this story was published: United States Oil Fund (USO)

CompanyWhenMoveStatus
Archer-Daniels-Midland (ADM)that day-0.35%still updating
Archer-Daniels-Midland (ADM)three days earlier+8.87%final price
Archer-Daniels-Midland (ADM)five days earlier+9.32%final price
Conocophillips (COP)that day-5.90%still updating
Conocophillips (COP)three days earlier+6.66%final price
Conocophillips (COP)five days earlier+3.21%final price
Chevron (CVX)that day-4.10%still updating
Chevron (CVX)three days earlier+4.58%final price
Chevron (CVX)five days earlier+1.76%final price
Invesco Db Agriculture Fund (DBA)that day-0.21%still updating
Invesco Db Agriculture Fund (DBA)three days earlier+1.22%final price
Invesco Db Agriculture Fund (DBA)five days earlier+2.11%final price
Shell (SHEL)that day-2.37%still updating
Shell (SHEL)three days earlier+4.31%final price
Shell (SHEL)five days earlier+0.85%final price
United States Oil Fund (USO)that day-8.53%still updating
United States Oil Fund (USO)three days earlier+6.75%final price
United States Oil Fund (USO)five days earlier+5.38%final price
Select Sector Spdr Tr (XLE)that day-5.59%still updating
Select Sector Spdr Tr (XLE)three days earlier+4.95%final price
Select Sector Spdr Tr (XLE)five days earlier+2.64%final price
ExxonMobil Holdings (XOM)that day-4.87%still updating
ExxonMobil Holdings (XOM)three days earlier+5.49%final price
ExxonMobil Holdings (XOM)five days earlier+2.57%final price

Trades by members of Congress and officials 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).

Companies in energy around United States Oil Fund (USO)

Likely winners

  • XOM ExxonMobil Holdings

    In “Sugar Prices Pressured by Weakness in Crude Oil,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • CVX Chevron

    In “Sugar Prices Pressured by Weakness in Crude Oil,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

No up or down call on file

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Sugar Prices Pressured by Weakness in Crude Oil.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    In “Sugar Prices Pressured by Weakness in Crude Oil,” 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 “oil” (oil) in this story

  • DBA Invesco Db Agriculture Fund

    Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Sugar Prices Pressured by Weakness in Crude Oil.” Reason on file: Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “sugar” (grains and farm goods) in this story

  • SHEL Shell

    For “Sugar Prices Pressured by Weakness in Crude Oil,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

United States Oil Fund (USO) and the energy link

United States Oil Fund (USO) is the company in “Sugar Prices Pressured by Weakness in Crude Oil,” the 4 Nov 2026 Energy story.

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

Price levels for United States Oil Fund (USO)

DBA traded between 26.80 and 28.86 across 20 sessions. The latest close on file is 26.80. 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.

A simple score for United States Oil Fund (USO)

46 out of 100Price not final

“Sugar Prices Pressured by Weakness in Crude Oil” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.