Trump Considers Lifting Sanctions on Putin's 'Slush Fund'
Published . Updated .
The Trump administration is considering lifting sanctions on Russia’s sovereign investment fund as Washington and Moscow pursue peace negotiations and renewed economic cooperation.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+9.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “putin” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “putin” (oil) in this story.
- UNG United States Natural Gas Fund-11.9% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “putin” (natural gas) in this story.
- BWET Breakwave Tanker Shipping ETF+25.1% 18d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “putin” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+10.9% 15d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “putin” (oil) in this story.
- CVX Chevron+10.5% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “putin” (oil) in this story.
- COP ConocoPhillips+7.7% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “putin” (oil) in this story.
- LNG Cheniere Energy+18.9% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “putin” (natural gas) 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 | +0.80% | -2.73% | base | +0.39% | after close | after close | after close |
| XLE | +0.88% | -0.71% | base | +1.87% | after close | after close | after close |
| UNGNo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | +0.03% | -1.79% | base | +2.24% | after close | after close | after close |
| CVX | +0.78% | -1.37% | base | +1.82% | after close | after close | after close |
| COP | +0.55% | -1.36% | base | +1.63% | after close | after close | after close |
| LNGNo price data for this ticker | — | — | — | — | — | — | — |
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.
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Trump Considers Lifting Sanctions on Putin's 'Slush Fund' Crude Oil Prices Today | OilPrice.com
United States Oil Fund (USO) compared with energy stocks (XLE) since 30 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | that day | +1.63% | superseded |
| Conocophillips (COP) | three days earlier | -1.36% | final price |
| Conocophillips (COP) | five days earlier | +0.55% | final price |
| Chevron (CVX) | that day | +1.82% | final price |
| Chevron (CVX) | three days earlier | -1.37% | final price |
| Chevron (CVX) | five days earlier | +0.78% | final price |
| United States Oil Fund (USO) | that day | +0.39% | final price |
| United States Oil Fund (USO) | three days earlier | -2.73% | final price |
| United States Oil Fund (USO) | five days earlier | +0.80% | final price |
| Select Sector Spdr Tr (XLE) | that day | +1.87% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -0.71% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +0.88% | final price |
| ExxonMobil Holdings (XOM) | that day | +2.24% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -1.79% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +0.03% | 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 16 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 60 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 16 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 37 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 58 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 65 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 67 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 70 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).
United States Oil Fund (USO) on one side of this energy story
Companies carried with this story
- USO United States Oil Fund
For “Trump Considers Lifting Sanctions on Putin's 'Slush Fund',” 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 “putin” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “Trump Considers Lifting Sanctions on Putin's 'Slush Fund'.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “putin” (oil) in this story
- UNG United States Natural Gas Fund
In “Trump Considers Lifting Sanctions on Putin's 'Slush Fund',” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “putin” (natural gas) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “Trump Considers Lifting Sanctions on Putin's 'Slush Fund'.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “putin” (tanker shipping) in this story
- XOM ExxonMobil Holdings
In “Trump Considers Lifting Sanctions on Putin's 'Slush Fund',” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “putin” (oil) in this story
- CVX Chevron
In “Trump Considers Lifting Sanctions on Putin's 'Slush Fund',” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “putin” (oil) in this story
- COP Conocophillips
For “Trump Considers Lifting Sanctions on Putin's 'Slush Fund',” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “putin” (oil) in this story
- LNG Cheniere Energy
In “Trump Considers Lifting Sanctions on Putin's 'Slush Fund',” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “putin” (natural gas) in this story
How “Trump Considers Lifting Sanctions on Putin's 'Slush Fund” reaches United States Oil Fund (USO)
“Trump Considers Lifting Sanctions on Putin's 'Slush Fund'” (30 Oct 2026) reaches United States Oil Fund (USO) through Energy.
What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “putin” (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 “putin” (oil) in this story
Price levels for United States Oil Fund (USO)
UNG traded between 9.11 and 11.43 across 20 sessions. The latest close on file is 9.19. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 168.21. XLE traded between 61.91 and 69.86 across 20 sessions. The latest close on file is 68.72.
The energy score for United States Oil Fund (USO)
46 out of 100Price not final
“Trump Considers Lifting Sanctions on Putin's 'Slush Fund'” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.