US to loan about a third of heating oil reserve in bid to tame prices
Published . Updated .
Covered by 2 outlets: 93.3 The Drive, Reuters.
Who covered it: Center 1 · Not rated 1. How we rate outlets
Key takeaways
- WASHINGTON, Nov 4 (Reuters) - The US Energy Department said on Wednesday it would loan 300,000 barrels of fuel oil to four companies from the nation's emergency heating oil reserve in an effort to counter surging prices before the onset of winter.
- Exposed: USO, XLE, XLF, XOM, CVX
- Market reaction: XLE −3.7% on the day (still updating); USO −2.5% on the day (still updating); COP −3.3% on the day (still updating)
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WASHINGTON, Nov 4 (Reuters) - The US Energy Department said on Wednesday it would loan 300,000 barrels of fuel oil to four companies from the nation's emergency heating oil reserve in an effort to counter surging prices before the onset of winter. Th...
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 “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.
- XLF Financial Select Sector SPDR-1.6% 30d
Financial Select Sector SPDR: it holds banks. Linked by “loan” (banks) in this story.
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+9.6% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+11.6% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell+3.5% 11d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- JPM JPMorgan Chase+0.1% 30d
JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “loan” (banks) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +5.38% | +6.75% | base | -2.52% | after close | after close | after close |
| XLE | +2.64% | +4.95% | base | -3.73% | after close | after close | after close |
| XLF | -1.85% | -1.14% | base | +1.53% | after close | after close | after close |
| XOM | +2.57% | +5.49% | base | -2.82% | after close | after close | after close |
| CVX | +1.76% | +4.58% | base | -2.69% | after close | after close | after close |
| COP | +3.21% | +6.66% | base | -3.27% | after close | after close | after close |
| SHEL | +0.85% | +4.31% | base | -0.64% | after close | after close | after close |
| JPM | +0.41% | -0.26% | base | +2.93% | after close | after close | after 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.
US to loan about a third of heating oil reserve in bid to tame prices 93.3 The Drive
Source: 93.3 The Drive
United States Oil Fund (USO) compared with energy stocks (XLE) since 4 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | that day | -3.27% | still updating |
| Conocophillips (COP) | three days earlier | +6.66% | final price |
| Conocophillips (COP) | five days earlier | +3.21% | final price |
| Chevron (CVX) | that day | -2.69% | still updating |
| Chevron (CVX) | three days earlier | +4.58% | final price |
| Chevron (CVX) | five days earlier | +1.76% | final price |
| Jpmorgan Chase (JPM) | that day | +2.93% | still updating |
| Jpmorgan Chase (JPM) | three days earlier | -0.26% | final price |
| Jpmorgan Chase (JPM) | five days earlier | +0.41% | final price |
| Shell (SHEL) | that day | -0.64% | still updating |
| Shell (SHEL) | three days earlier | +4.31% | final price |
| Shell (SHEL) | five days earlier | +0.85% | 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) | that day | -3.73% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +4.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.64% | final price |
| Select Sector Spdr Tr (XLF) | that day | +1.53% | still updating |
| Select Sector Spdr Tr (XLF) | three days earlier | -1.14% | final price |
| Select Sector Spdr Tr (XLF) | five days earlier | -1.85% | final price |
| ExxonMobil Holdings (XOM) | that day | -2.82% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +5.49% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +2.57% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 65 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 42 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 63 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 70 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 72 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 75 days before publication. Filed 8 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 61 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 61 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 69 days before publication. Filed 4 Sep 2026. View the filing.
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 collects and who pays in energy
Companies mentioned with this story
- USO United States Oil Fund
In “US to loan about a third of heating oil reserve in bid to tame prices,” 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 “oil” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “US to loan about a third of heating oil reserve in bid to tame prices.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- XLF Select Sector Spdr Tr
In “US to loan about a third of heating oil reserve in bid to tame prices,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “loan” (banks) in this story
- XOM ExxonMobil Holdings
For “US to loan about a third of heating oil reserve in bid to tame prices,” 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 “oil” (oil) in this story
- CVX Chevron
For “US to loan about a third of heating oil reserve in bid to tame prices,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “US to loan about a third of heating oil reserve in bid to tame prices.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- SHEL Shell
For “US to loan about a third of heating oil reserve in bid to tame prices,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- JPM Jpmorgan Chase
In “US to loan about a third of heating oil reserve in bid to tame prices,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “loan” (banks) in this story
How energy news reaches United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “US to loan about a third of heating oil reserve in bid to tame prices,” the 4 Nov 2026 Energy story.
The link for United States Oil Fund (USO) is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (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 “oil” (oil) in this story
Dates and price levels for United States Oil Fund (USO)
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. XLF traded between 52.82 and 56.03 across 20 sessions. The latest close on file is 55.07.
A simple score for United States Oil Fund (USO)
54 out of 100Price not final
“US to loan about a third of heating oil reserve in bid to tame prices” scores 54 out of 100. The score uses 2 sources, and 8 linked companies. The price is not final yet.