Geopolitics Alpha

Turkish inflation accelerates following rises in energy costs

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, BWET, TUR, EMB
  • Market reaction: USO −2.5% on the day (still updating); BWET −12.0% on the day (still updating); TUR +4.2% on the day (still updating)

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GEOPOLITICS ALPHATurkish inflation acceleratesfollowing rises in energy costsGEOPOLITICS ALPHA

This report is about oil and tanker shipping.

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 “energy costs” (oil) in this story.

  • XLE Energy Select Sector SPDR+6.9% 30d

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

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

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

  • TUR iShares MSCI Turkey ETF-19.3% 30d

    iShares MSCI Turkey ETF holds stocks listed in Turkey, which this story is about (“turkish”).

  • EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-1.9% 9d

    iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Turkey

  • EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d

    VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Turkey.

  • EEM iShares MSCI Emerging Markets ETF+0.0% 30d

    iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Turkey

  • XOM ExxonMobil Holdings+2.0% 16d

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

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+5.38%+6.75%base-2.52%after closeafter closeafter close
XLE+2.64%+4.95%baseafter closeafter closeafter closeafter close
BWET+7.18%+11.56%base-12.01%after closeafter closeafter close
TUR+2.02%-2.22%base+4.15%after closeafter closeafter close
EMB+0.26%+0.57%base+0.46%after closeafter closeafter close
EMLC+0.63%+0.43%base+0.70%after closeafter closeafter close
EEM+3.96%-0.13%base+1.72%after closeafter closeafter close
XOM+2.57%+5.49%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.

Turkish inflation accelerates following rises in energy costs Arabian Gulf Business Insight | AGBI

Source: Arabian Gulf Business Insight | AGBI

The price since 4 Nov 2026: United States Oil Fund (USO) versus the S&P 500

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)that day-12.01%still updating
Amplify Commodity Trust (BWET)three days earlier+11.56%final price
Amplify Commodity Trust (BWET)five days earlier+7.18%final price
Ishares Tr (EEM)that day+1.72%still updating
Ishares Tr (EEM)three days earlier-0.13%final price
Ishares Tr (EEM)five days earlier+3.96%final price
Ishares Tr (EMB)that day+0.46%still updating
Ishares Tr (EMB)three days earlier+0.57%final price
Ishares Tr (EMB)five days earlier+0.26%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)that day+0.70%still updating
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)three days earlier+0.43%final price
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC)five days earlier+0.63%final price
Ishares (TUR)that day+4.15%still updating
Ishares (TUR)three days earlier-2.22%final price
Ishares (TUR)five days earlier+2.02%final price
United States Oil Fund (USO)that day-2.52%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)three days earlier+4.95%final price
Select Sector Spdr Tr (XLE)five days earlier+2.64%final price
ExxonMobil Holdings (XOM)three days earlier+5.49%final price
ExxonMobil Holdings (XOM)five days earlier+2.57%final price

Congressional trades in United States Oil Fund (USO) around 4 Nov 2026

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 gains and who loses around United States Oil Fund (USO)

Companies mentioned with this story

  • USO United States Oil Fund

    In “Turkish inflation accelerates following rises in energy costs,” 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 “energy costs” (oil) in this story

  • XLE Select Sector Spdr Tr

    For “Turkish inflation accelerates following rises in energy costs,” 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 “energy costs” (oil) in this story

  • BWET Amplify Commodity Trust

    In “Turkish inflation accelerates following rises in energy costs,” 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 “energy costs” (tanker shipping) in this story

  • TUR Ishares

    In “Turkish inflation accelerates following rises in energy costs,” Ishares (TUR) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Turkey ETF holds stocks listed in Turkey, which this story is about (“turkish”)

  • EMB Ishares Tr

    Ishares Tr (EMB) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Turkish inflation accelerates following rises in energy costs.” Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Turkey

  • EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf

    In “Turkish inflation accelerates following rises in energy costs,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Turkey

  • EEM Ishares Tr

    For “Turkish inflation accelerates following rises in energy costs,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Turkey

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Turkish inflation accelerates following rises in energy costs.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “energy costs” (oil) in this story

United States Oil Fund (USO)

On 4 Nov 2026, “Turkish inflation accelerates following rises in energy costs” is the story that connects United States Oil Fund (USO) to this story.

For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “energy costs” (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 “energy costs” (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 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

“Turkish inflation accelerates following rises in energy costs” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.