Geopolitics Alpha

U.S. Oil Rigs Hold at 463 as Crude Output Hits Another Record

Published . Updated .

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ENERGYU.S. Oil Rigs Hold at 463 as CrudeOutput Hits Another RecordGEOPOLITICS ALPHA

This report is about oil and oilfield services. 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

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

  • XLE Energy Select Sector SPDR

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

  • OIH VanEck Oil Services ETF

    VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rigs” (oilfield services) in this story.

  • XOM ExxonMobil Holdings

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

  • CVX Chevron

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

  • SHEL Shell

    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

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

  • BKR Baker Hughes

    Baker Hughes (oil and gas field machinery and equipment): drillers get more work when oil companies spend more. Linked by “rigs” (oilfield services) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+1.59%-3.20%base-0.48%after closeafter closeafter close
XLE-4.15%-3.23%base+0.39%after closeafter closeafter close
OIH-3.37%-2.54%base+0.31%after closeafter closeafter close
XOM-2.28%-3.14%base-0.03%after closeafter closeafter close
CVX-1.78%-2.44%base+0.87%after closeafter closeafter close
SHEL+0.54%-1.30%base+0.21%after closeafter closeafter close
OXY-3.42%-2.60%base+0.21%after closeafter closeafter close
BKR-2.02%-2.23%base+0.25%after 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.

U.S. Oil Rigs Hold at 463 as Crude Output Hits Another Record Crude Oil Prices Today | OilPrice.com

Source: Crude Oil Prices Today | OilPrice.com

Energy

CompanyWhenMoveStatus
BKRthat day+0.25%still updating
BKRthree days earlier-2.23%final price
BKRfive days earlier-2.02%final price
CVXthat day+0.87%still updating
CVXthree days earlier-2.44%final price
CVXfive days earlier-1.78%final price
OIHthat day+0.31%still updating
OIHthree days earlier-2.54%final price
OIHfive days earlier-3.37%final price
OXYthat day+0.21%still updating
OXYthree days earlier-2.60%final price
OXYfive days earlier-3.42%final price
SHELthat day+0.21%still updating
SHELthree days earlier-1.30%final price
SHELfive days earlier+0.54%final price
USOthat day-0.48%still updating
USOthree days earlier-3.20%final price
USOfive days earlier+1.59%final price
XLEthat day+0.39%still updating
XLEthree days earlier-3.23%final price
XLEfive days earlier-4.15%final price
XOMthat day-0.03%still updating
XOMthree days earlier-3.14%final price
XOMfive days earlier-2.28%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).

How solid the energy case looks

12 out of 100Price not final

“U.S. Oil Rigs Hold at 463 as Crude Output Hits Another Record” scores 12 out of 100. The score uses 1 sources. The price is not final yet.