West of Suez: Crude, LSGO cracks slide as Trump loses midterms
Published . Updated .
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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 “crude” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “crude” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “suez” (container shipping) in this story.
- MOO VanEck Agribusiness ETF-2.7% 30d
VanEck Agribusiness ETF: it holds agribusiness and fertilizer firms. Linked by “ammonia” (fertilizer) in this story.
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
- CVX Chevron+9.6% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.
- COP ConocoPhillips+11.1% 19d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (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 “crude” (oil) 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 | -8.03% | after close | after close | after close |
| XLE | +2.64% | +4.95% | base | -4.79% | after close | after close | after close |
| BWET | +7.18% | +11.56% | base | -15.67% | after close | after close | after close |
| MOO | -1.83% | +0.31% | base | +2.22% | after close | after close | after close |
| XOM | +2.57% | +5.49% | base | -4.52% | after close | after close | after close |
| CVX | +1.76% | +4.58% | base | -3.71% | after close | after close | after close |
| COP | +3.21% | +6.66% | base | -5.19% | after close | after close | after close |
| SHEL | +0.85% | +4.31% | base | -2.29% | 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.
West of Suez: Crude, LSGO cracks slide as Trump loses midterms Quantum Commodity Intelligence
Source: Quantum Commodity Intelligence
How United States Oil Fund (USO) moved after the last 4 energy shocks
Those 4 earlier stories put United States Oil Fund (USO) at an average move of -0.66% the next day. Largest gain -0.66%, largest drop -0.66%, from 1 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | -0.66% | -0.66% | -0.66% | 1 |
| United States Oil Fund (USO) | three days later | +0.46% | +0.46% | +0.46% | 1 |
| Select Sector Spdr Tr (XLE) | the next day | -0.41% | -0.41% | -0.41% | 2 |
| Select Sector Spdr Tr (XLE) | three days later | -0.96% | -0.96% | -0.96% | 2 |
| Amplify Commodity Trust (BWET) | the next day | -5.12% | +0.12% | -10.37% | 2 |
| Amplify Commodity Trust (BWET) | three days later | +4.59% | +4.59% | +4.59% | 1 |
| ExxonMobil Holdings (XOM) | the next day | -0.63% | -0.63% | -0.63% | 2 |
| ExxonMobil Holdings (XOM) | three days later | -0.46% | -0.46% | -0.46% | 2 |
- Maersk says another container shipping service will resume Suez sailings
- ZIM Integrated Shipping Services (ZIM) Returns To Suez Route As Valuation Debate Heats Up
- Qatari LNG Cargo Heads Through Red Sea to Europe in Rare Suez Run
- The Week in Charts: North Korean ghost voyages expose gaps in sanctions monitoring | Chinese operators lead surge in Red Sea and Suez vehicle carrier transits
United States Oil Fund (USO) compared with energy stocks (XLE) since 4 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | -15.67% | final price |
| Amplify Commodity Trust (BWET) | three days earlier | +11.56% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +7.18% | final price |
| Conocophillips (COP) | that day | -5.19% | final price |
| Conocophillips (COP) | three days earlier | +6.66% | final price |
| Conocophillips (COP) | five days earlier | +3.21% | final price |
| Chevron (CVX) | that day | -3.71% | final price |
| Chevron (CVX) | three days earlier | +4.58% | final price |
| Chevron (CVX) | five days earlier | +1.76% | final price |
| MOO | that day | +2.22% | final price |
| MOO | three days earlier | +0.31% | final price |
| MOO | five days earlier | -1.83% | final price |
| Shell (SHEL) | that day | -2.29% | final price |
| 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 | -8.03% | final price |
| 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 | -4.79% | 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) | that day | -4.52% | final price |
| 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.
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).
Suez Canal, seven days against thirty
Geopolitics Alpha has 2 stories about Suez Canal from the past 7 days and 5 stories from the past 30. That is faster than its usual pace over the past month. “West of Suez: Crude, LSGO cracks slide as Trump loses midterms” is tagged to Suez Canal.
Companies in energy around United States Oil Fund (USO)
Companies tied to this story
- USO United States Oil Fund
In “West of Suez: Crude, LSGO cracks slide as Trump loses midterms,” 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 “crude” (oil) in this story
- XLE Select Sector Spdr Tr
In “West of Suez: Crude, LSGO cracks slide as Trump loses midterms,” 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 “crude” (oil) in this story
- BWET Amplify Commodity Trust
In “West of Suez: Crude, LSGO cracks slide as Trump loses midterms,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “suez” (container shipping) in this story
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “West of Suez: Crude, LSGO cracks slide as Trump loses midterms.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story
- CVX Chevron
For “West of Suez: Crude, LSGO cracks slide as Trump loses midterms,” 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 “crude” (oil) in this story
- COP Conocophillips
In “West of Suez: Crude, LSGO cracks slide as Trump loses midterms,” 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 “crude” (oil) in this story
- SHEL Shell
For “West of Suez: Crude, LSGO cracks slide as Trump loses midterms,” 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 “crude” (oil) in this story
- ZIM ZIM Integrated Shipping Services
For “West of Suez: Crude, LSGO cracks slide as Trump loses midterms,” ZIM Integrated Shipping Services (ZIM) is linked, with no stored direction, medium confidence. Reason on file: ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “suez” (container shipping) in this story
What Suez Canal means for United States Oil Fund (USO)
“West of Suez: Crude, LSGO cracks slide as Trump loses midterms” (4 Nov 2026) reaches United States Oil Fund (USO) through Suez Canal.
What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “crude” (oil) in this story
Dates in the story, and the United States Oil Fund (USO) price range
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.
The energy score for United States Oil Fund (USO)
46 out of 100
“West of Suez: Crude, LSGO cracks slide as Trump loses midterms” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.