Geopolitics Alpha

Trump’s Russia Sanctions Reversal to Face Congressional Test

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, UNG, BWET, XOM
  • Market reaction: price tracking starts with the next trading session.

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GEOPOLITICS ALPHATrump’s Russia Sanctions Reversalto Face Congressional TestGEOPOLITICS ALPHA

This report is about oil and natural gas.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+8.9% 30d

    United States Oil Fund: its price follows crude oil. Linked by “russia” (oil) in this story.

  • XLE Energy Select Sector SPDR+8.9% 30d

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

  • UNG United States Natural Gas Fund-17.0% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “russia” (natural gas) in this story.

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

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

  • XOM ExxonMobil Holdings+6.2% 16d

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

  • CVX Chevron+12.5% 30d

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

  • COP ConocoPhillips+4.8% 30d

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

  • LNG Cheniere Energy+14.1% 30d

    Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “russia” (natural gas) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+4.37%+7.30%baseafter closeafter closeafter closeafter close
XLE+1.44%+2.16%baseafter closeafter closeafter closeafter close
UNG+6.94%+1.94%baseafter closeafter closeafter closeafter close
BWET-1.54%+2.86%baseafter closeafter closeafter closeafter close
XOM+0.06%+1.89%baseafter closeafter closeafter closeafter close
CVX+0.19%+1.58%baseafter closeafter closeafter closeafter close
COP+0.74%+2.12%baseafter closeafter closeafter closeafter close
LNG-3.81%+2.35%baseafter closeafter 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.

Trump’s Russia Sanctions Reversal to Face Congressional Test WSJ

Source: The Wall Street Journal

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

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)three days earlier+2.86%final price
Amplify Commodity Trust (BWET)five days earlier-1.54%final price
Conocophillips (COP)three days earlier+2.12%final price
Conocophillips (COP)five days earlier+0.74%final price
Chevron (CVX)three days earlier+1.58%final price
Chevron (CVX)five days earlier+0.19%final price
Cheniere Energy (LNG)three days earlier+2.35%final price
Cheniere Energy (LNG)five days earlier-3.81%final price
United States Natural Gas Fund (UNG)three days earlier+1.94%final price
United States Natural Gas Fund (UNG)five days earlier+6.94%final price
United States Oil Fund (USO)three days earlier+7.30%final price
United States Oil Fund (USO)five days earlier+4.37%final price
Select Sector Spdr Tr (XLE)three days earlier+2.16%final price
Select Sector Spdr Tr (XLE)five days earlier+1.44%final price
ExxonMobil Holdings (XOM)three days earlier+1.89%final price
ExxonMobil Holdings (XOM)five days earlier+0.06%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).

Who is named in “Trump’s Russia Sanctions Reversal to Face Congressional Test”

Companies mentioned with this story

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Trump’s Russia Sanctions Reversal to Face Congressional Test.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “russia” (oil) in this story

  • XLE Select Sector Spdr Tr

    Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Trump’s Russia Sanctions Reversal to Face Congressional Test.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “russia” (oil) in this story

  • UNG United States Natural Gas Fund

    For “Trump’s Russia Sanctions Reversal to Face Congressional Test,” 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 “russia” (natural gas) in this story

  • BWET Amplify Commodity Trust

    For “Trump’s Russia Sanctions Reversal to Face Congressional Test,” 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 “russia” (tanker shipping) in this story

  • XOM ExxonMobil Holdings

    For “Trump’s Russia Sanctions Reversal to Face Congressional Test,” 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 “russia” (oil) in this story

  • CVX Chevron

    Chevron (CVX) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Trump’s Russia Sanctions Reversal to Face Congressional Test.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “russia” (oil) in this story

  • COP Conocophillips

    For “Trump’s Russia Sanctions Reversal to Face Congressional Test,” 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 “russia” (oil) in this story

  • LNG Cheniere Energy

    In “Trump’s Russia Sanctions Reversal to Face Congressional Test,” 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 “russia” (natural gas) in this story

How “Trump’s Russia Sanctions Reversal to Face Congressional Test” reaches United States Oil Fund (USO)

United States Oil Fund (USO) is the company in “Trump’s Russia Sanctions Reversal to Face Congressional Test,” the 3 Nov 2026 this story story.

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

Price levels for United States Oil Fund (USO)

UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.01. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 156.89. XLE traded between 62.95 and 70.15 across 20 sessions. The latest close on file is 67.26.

How solid “Trump’s Russia Sanctions Reversal to Face Congressional Test” looks

54 out of 100

“Trump’s Russia Sanctions Reversal to Face Congressional Test” scores 54 out of 100. The score uses 2 sources, and 8 linked companies.