---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41474689.md"
description: "WTI crude oil has risen for the third consecutive day over the past two days, standing above $95, as geopolitical premiums in the Middle East are being repriced. ExxonMobil rose by two points, and the leveraged ETF long on crude oil also rose by nearly three points, directly benefiting from the rise in oil prices; Occidental Petroleum and CNOOC basically didn't move much, with upstream extraction following relatively mildly.This wave of oil price increase is driven by geopolitical factors on the supply side, not by demand pull, so the beneficiaries are upstream producers with barrels in hand, not the entire industrial chain. For such geopolitically-driven oil prices, upstream cash flow elasticity is greater, but there's also fear that a single piece of easing news could wipe out the premium."
datetime: "2026-06-04T10:45:03.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41474689.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41474689.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41474689.md)
author: "[日富一日](https://longbridge.com/en/profiles/27514703.md)"
---

# WTI crude oil has risen for the third consecutive …


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