Geopolitics Alpha

WTI Crude Oil: Can Buyers Sustain the Push Toward $100?

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WTI Crude Oil: Can Buyers Sustain the Push Toward $100?

WTI crude oil remains supported as Middle East risks and supply disruption keep dip buyers focused on the $100 level.

Directly affected

  • No company is named in this report.

Indirectly affected

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • OXY Occidental Petroleum

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips

    Oil producers earn more when crude prices rise

  • VLO Valero

    Refiners' profits move with crude and fuel prices

  • MPC Marathon Petroleum

    Refiners' profits move with crude and fuel prices

  • XOP SPDR S&P Oil & Gas Exploration

    A fund of oil and gas producers

  • XLE Energy Select Sector SPDR

    A fund of energy companies

  • USO United States Oil Fund

    This fund moves with oil prices

  • OIH VanEck Oil Services

    Oilfield services rise when drilling follows oil prices

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XOM———————
CVX———————
OXY———————
COP———————
VLO———————
MPC———————
XOP———————
XLE———————
USO———————
OIH———————

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WTI Crude Oil: Can Buyers Sustain the Push Toward $100? DailyForex

Source: DailyForex

Middle East

SPY
XLE

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12 out of 100

“WTI Crude Oil: Can Buyers Sustain the Push Toward $100?” scores 12 out of 100. The score uses 1 sources.