Geopolitics Alpha

U.S. crude climbs 3% on fears of war escalation, oil stockpiles drop for fourth straight week

Published . Updated .

ENERGYU.S. crude climbs 3% on fears ofwar escalation, oil stockpilesdrop for fourth straight weekGEOPOLITICS ALPHA

This report is about oil and defense. 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+9.3% 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.

  • ITA iShares U.S. Aerospace & Defense ETF+0.3% 30d

    iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.

  • XOM ExxonMobil Holdings+10.9% 15d

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

  • CVX Chevron+10.5% 30d

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

  • SHEL Shell+0.1% 13d

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

  • OXY Occidental Petroleum+1.5% 30d

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

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USONo price data for this ticker———————
XLENo price data for this ticker———————
ITA-1.57%-0.30%base+3.24%+1.05%after closeafter close
XOM-2.14%+1.35%base+0.18%+2.84%after closeafter close
CVX-1.18%+1.19%base+0.93%+2.77%after closeafter close
SHELNo price data for this ticker———————
OXYNo 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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U.S. crude climbs 3% on fears of war escalation, oil stockpiles drop for fourth straight week Seeking Alpha

Source: Seeking Alpha

Energy

CompanyWhenMoveStatus
CVXthat day+0.93%final price
CVXthe next day+2.77%final price
CVXthree days earlier+1.19%final price
CVXfive days earlier-1.18%final price
ITAthat day+3.24%final price
ITAthe next day+1.05%final price
ITAthree days earlier-0.30%final price
ITAfive days earlier-1.57%final price
XOMthat day+0.18%final price
XOMthe next day+2.84%final price
XOMthree days earlier+1.35%final price
XOMfive days earlier-2.14%final price

Trades by members of Congress and officials in the stocks in this story

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How solid the energy case looks

12 out of 100

“U.S. crude climbs 3% on fears of war escalation, oil stockpiles drop for fourth straight week” scores 12 out of 100. The score uses 1 sources.