Geopolitics Alpha

US Weighs Return to Russia’s Oil Market as Peace Talks Continue

Published . Updated .

ENERGYUS Weighs Return to Russia’s OilMarket as Peace Talks ContinueGEOPOLITICS ALPHA

This report is about oil and natural gas.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+4.8% 30d

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

  • XLE Energy Select Sector SPDR+6.5% 30d

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

  • UNG United States Natural Gas Fund-7.0% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “russia” (natural gas) in this story.

  • BWET Breakwave Tanker Shipping ETF+54.8% 19d

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

  • XOM ExxonMobil Holdings+9.0% 13d

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

  • CVX Chevron+7.9% 30d

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

  • COP ConocoPhillips+8.3% 30d

    ConocoPhillips (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.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO-2.37%+3.62%base+1.87%after closeafter closeafter close
XLE-0.12%+1.60%base+0.34%after closeafter closeafter close
UNG+3.37%-0.47%base-1.30%after closeafter closeafter close
BWETNo price data for this ticker———————
XOM-1.00%+1.85%base+1.22%after closeafter closeafter close
CVX-0.66%+2.17%base+0.45%after closeafter closeafter close
COPNo price data for this ticker———————
SHELNo 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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US Weighs Return to Russia’s Oil Market as Peace Talks Continue Kyiv Post

Source: Kyiv Post

The price since 28 Oct 2026: United States Oil Fund (USO) versus the S&P 500

CompanyWhenMoveStatus
Chevron (CVX)that day+0.45%final price
Chevron (CVX)three days earlier+2.17%final price
Chevron (CVX)five days earlier-0.66%final price
United States Natural Gas Fund (UNG)that day-1.30%final price
United States Natural Gas Fund (UNG)three days earlier-0.47%final price
United States Natural Gas Fund (UNG)five days earlier+3.37%final price
United States Oil Fund (USO)that day+1.87%final price
United States Oil Fund (USO)three days earlier+3.62%final price
United States Oil Fund (USO)five days earlier-2.37%final price
Select Sector Spdr Tr (XLE)that day+0.34%final price
Select Sector Spdr Tr (XLE)three days earlier+1.60%final price
Select Sector Spdr Tr (XLE)five days earlier-0.12%final price
ExxonMobil Holdings (XOM)that day+1.22%final price
ExxonMobil Holdings (XOM)three days earlier+1.85%final price
ExxonMobil Holdings (XOM)five days earlier-1.00%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).

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

Companies mentioned with this story

  • USO United States Oil Fund

    For “US Weighs Return to Russia’s Oil Market as Peace Talks Continue,” 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

    For “US Weighs Return to Russia’s Oil Market as Peace Talks Continue,” 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 “oil” (oil) in this story

  • UNG United States Natural Gas Fund

    United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “US Weighs Return to Russia’s Oil Market as Peace Talks Continue.” Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “russia” (natural gas) in this story

  • BWET Amplify Commodity Trust

    For “US Weighs Return to Russia’s Oil Market as Peace Talks Continue,” 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 “oil” (tanker shipping) in this story

  • XOM ExxonMobil Holdings

    In “US Weighs Return to Russia’s Oil Market as Peace Talks Continue,” 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

    In “US Weighs Return to Russia’s Oil Market as Peace Talks Continue,” 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

    For “US Weighs Return to Russia’s Oil Market as Peace Talks Continue,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • SHEL Shell

    Shell (SHEL) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “US Weighs Return to Russia’s Oil Market as Peace Talks Continue.” 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

United States Oil Fund (USO) and the energy link

“US Weighs Return to Russia’s Oil Market as Peace Talks Continue” (28 Oct 2026) reaches United States Oil Fund (USO) through Energy.

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

What this energy story puts on the calendar

UNG traded between 9.31 and 11.43 across 20 sessions. The latest close on file is 9.63. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 163.62. XLE traded between 61.05 and 69.86 across 20 sessions. The latest close on file is 68.23.

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

46 out of 100

“US Weighs Return to Russia’s Oil Market as Peace Talks Continue” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.