Oil rally potential post-midterms could lift USO toward $114–$119
Oct 13, 2026, 1:25 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Near-term crude upside catalysts (post-midterm Iran risk, potential $114–$119 WTI) should lift USO; price moves in oil typically translate directly to USO performance, though equity issuance dynamics may cap longer-term gains.
AI summary
What happened, with direct paths to the underlying reporting
Paul Tudor Jones expects a further $20–$25 rally in oil to roughly $114–$119, citing post-midterm tensions with Iran as a key risk factor. He argues that higher oil will be broadly negative for stocks, given a looming supply overhang from IPOs and insider sales into 2027. The USO rose about 0.7% after his comments, underscoring crude’s sensitivity to macro and geopolitical developments.
Paul Tudor Jones expects oil to rise $20–$25, targeting $114–$119 per barrel.
He warns stocks may hate higher oil post-midterms amid geopolitical risk.
WTI trades near $94; USO rose about 0.7% on the news.
Goldman Sachs predicts $600B of new stock issuance next year, boosting supply.
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