Geopolitics Alpha

TSX futures tick higher as gold climbs, oil falls on Iran hopes

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ENERGYTSX futures tick higher as goldclimbs, oil falls on Iran hopesGEOPOLITICS ALPHA

This report is about oil and gold. 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+8.2% 30d

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

  • XLE Energy Select Sector SPDR+7.4% 30d

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

  • GLD SPDR Gold Shares-3.3% 30d

    SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.

  • BWET Breakwave Tanker Shipping ETF+64.8% 18d

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

  • XOM ExxonMobil Holdings+11.0% 11d

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

  • CVX Chevron+9.9% 30d

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

  • OXY Occidental Petroleum+3.8% 18d

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

  • NEM Newmont-11.5% 30d

    Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO-5.13%-5.78%base-2.94%after closeafter closeafter close
XLE-2.19%-1.69%base-0.41%after closeafter closeafter close
GLDNo price data for this ticker———————
BWETNo price data for this ticker———————
XOM-2.72%-2.80%base-0.51%after closeafter closeafter close
CVX-3.75%-2.77%base-0.81%after closeafter closeafter close
OXYNo price data for this ticker———————
NEMNo 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.

Market Call

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TSX futures tick higher as gold climbs, oil falls on Iran hopes Reuters

Source: Reuters

The price since 26 Oct 2026: United States Brent Oil Fund (BNO) versus the S&P 500

CompanyWhenMoveStatus
Chevron (CVX)that day-0.81%still updating
Chevron (CVX)three days earlier-2.77%final price
Chevron (CVX)five days earlier-3.75%final price
United States Oil Fund (USO)that day-2.94%still updating
United States Oil Fund (USO)three days earlier-5.78%final price
United States Oil Fund (USO)five days earlier-5.13%final price
Select Sector Spdr Tr (XLE)that day-0.41%still updating
Select Sector Spdr Tr (XLE)three days earlier-1.69%final price
Select Sector Spdr Tr (XLE)five days earlier-2.19%final price
ExxonMobil Holdings (XOM)that day-0.51%still updating
ExxonMobil Holdings (XOM)three days earlier-2.80%final price
ExxonMobil Holdings (XOM)five days earlier-2.72%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 Brent Oil Fund (BNO)

Companies that tend to gain

  • USO United States Oil Fund

    For “TSX futures tick higher as gold climbs, oil falls on Iran hopes,” United States Oil Fund (USO) tends to benefit, medium confidence. Reason on file: Oil prices move when Iranian supply is at risk. Linked by “iran + oil” in this story

  • XLE Select Sector Spdr Tr

    For “TSX futures tick higher as gold climbs, oil falls on Iran hopes,” Select Sector Spdr Tr (XLE) tends to benefit, medium confidence. Reason on file: Energy companies move with Iran supply risk. Linked by “iran + oil” in this story

  • XOM ExxonMobil Holdings

    In “TSX futures tick higher as gold climbs, oil falls on Iran hopes,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: Oil producers earn more when crude prices rise. Linked by “iran + oil” in this story

  • CVX Chevron

    In “TSX futures tick higher as gold climbs, oil falls on Iran hopes,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Oil producers earn more when crude prices rise. Linked by “oil + futures” in this story

No up or down call on file

  • BNO United States Brent Oil Fund

    United States Brent Oil Fund (BNO) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “TSX futures tick higher as gold climbs, oil falls on Iran hopes.” Reason on file: Tracks Brent when Iranian supply is at risk. Linked by “iran + oil” in this story

  • BWET Amplify Commodity Trust

    Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “TSX futures tick higher as gold climbs, oil falls on Iran hopes.” Reason on file: Tanker freight rates move with Iranian export risk. Linked by “iran + oil” in this story

United States Brent Oil Fund (BNO) and the energy link

United States Brent Oil Fund (BNO) is the company in “TSX futures tick higher as gold climbs, oil falls on Iran hopes,” the 26 Oct 2026 Energy story.

What ties United States Brent Oil Fund (BNO) to the headline is this: Tracks Brent when Iranian supply is at risk. Linked by “iran + oil” in this story

A second company, Amplify Commodity Trust (BWET), is listed for a different reason: Tanker freight rates move with Iranian export risk. Linked by “iran + oil” in this story

Dates in the story, and the United States Brent Oil Fund (BNO) price range

BNO traded between 58.70 and 71.28 across 20 sessions. The latest close on file is 70.98. BWET traded between 788.51 and 1047.07 across 14 sessions. The latest close on file is 900.02. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 169.55.

What the saved facts support for United States Brent Oil Fund (BNO)

46 out of 100Price not final

“TSX futures tick higher as gold climbs, oil falls on Iran hopes” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.