Geopolitics Alpha

Tankers Still Get Hit but Brent Crude Oil Keeps Fallin

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, BWET, XOM, CVX
  • Market reaction: USO +2.4% on the day (still updating); XLE +1.6% on the day (still updating); BWET +4.9% on the day (still updating)

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ENERGYTankers Still Get Hit but BrentCrude Oil Keeps FallinGEOPOLITICS ALPHA

This report is about oil and tanker shipping. Names like TNK typically gain because teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund-1.1% 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.

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.

  • XOM ExxonMobil Holdings-2.7% 17d

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

  • CVX Chevron+3.3% 30d

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

  • SHEL Shell+1.1% 9d

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

  • COP ConocoPhillips+4.8% 30d

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

  • TNK Teekay Tankers

    Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+2.78%+4.95%base+2.37%after closeafter closeafter close
XLE+2.11%-0.95%base+1.57%after closeafter closeafter close
BWET+35.67%+29.19%base+4.90%after closeafter closeafter close
XOM+3.07%+0.89%base+1.25%after closeafter closeafter close
CVX+2.73%+0.67%base+0.78%after closeafter closeafter close
SHEL+4.68%+1.86%base+0.63%after closeafter closeafter close
COP+0.96%+0.52%base+1.36%after closeafter closeafter close
TNK+3.72%+0.36%base+3.09%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.

Tankers Still Get Hit but Brent Crude Oil Keeps Fallin FOREX.com

Source: FOREX.com

How far United States Oil Fund (USO) has moved since 11 Nov 2026

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)that day+4.90%still updating
Amplify Commodity Trust (BWET)three days earlier+29.19%final price
Amplify Commodity Trust (BWET)five days earlier+35.67%final price
Conocophillips (COP)that day+1.36%still updating
Conocophillips (COP)three days earlier+0.52%final price
Conocophillips (COP)five days earlier+0.96%final price
Chevron (CVX)that day+0.78%still updating
Chevron (CVX)three days earlier+0.67%final price
Chevron (CVX)five days earlier+2.73%final price
Shell (SHEL)that day+0.63%still updating
Shell (SHEL)three days earlier+1.86%final price
Shell (SHEL)five days earlier+4.68%final price
Teekay Tankers (TNK)that day+3.09%still updating
Teekay Tankers (TNK)three days earlier+0.36%final price
Teekay Tankers (TNK)five days earlier+3.72%final price
United States Oil Fund (USO)that day+2.37%still updating
United States Oil Fund (USO)three days earlier+4.95%final price
United States Oil Fund (USO)five days earlier+2.78%final price
Select Sector Spdr Tr (XLE)that day+1.57%still updating
Select Sector Spdr Tr (XLE)three days earlier-0.95%final price
Select Sector Spdr Tr (XLE)five days earlier+2.11%final price
ExxonMobil Holdings (XOM)that day+1.25%still updating
ExxonMobil Holdings (XOM)three days earlier+0.89%final price
ExxonMobil Holdings (XOM)five days earlier+3.07%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).

United States Oil Fund (USO) on one side of this energy story

Companies that tend to gain

  • TNK Teekay Tankers

    For “Tankers Still Get Hit but Brent Crude Oil Keeps Fallin,” Teekay Tankers (TNK) tends to benefit, medium confidence. Reason on file: Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story

No up or down call on file

  • USO United States Oil Fund

    In “Tankers Still Get Hit but Brent Crude Oil Keeps Fallin,” 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 “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    In “Tankers Still Get Hit but Brent Crude Oil Keeps Fallin,” 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

  • BWET Amplify Commodity Trust

    For “Tankers Still Get Hit but Brent Crude Oil Keeps Fallin,” 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 “tanker” (tanker shipping) in this story

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Tankers Still Get Hit but Brent Crude Oil Keeps Fallin.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

How “Tankers Still Get Hit but Brent Crude Oil Keeps Fallin” reaches United States Oil Fund (USO)

United States Oil Fund (USO) is the company in “Tankers Still Get Hit but Brent Crude Oil Keeps Fallin,” the 11 Nov 2026 Energy story.

United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “oil” (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 “oil” (oil) in this story

The price range for United States Oil Fund (USO), and the dates in the story

BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.

The energy score for United States Oil Fund (USO)

54 out of 100Price not final

“Tankers Still Get Hit but Brent Crude Oil Keeps Fallin” scores 54 out of 100. The score uses 2 sources, and 8 linked companies. The price is not final yet.