Oil leads as USO ETF rises; S&P 500, dollar and gold mixed
The USO ETF rose 2.53% from the prior close while the SPY ETF and UUP ETF rose and the GLD ETF fell, per Finnhub; key macro releases including US GDP and the ECB decision are scheduled next.
Where prices stand
The USO ETF, which tracks WTI Crude Oil, rose 2.53% from the prior close to $168.03. The SPY ETF, which tracks the S&P 500, rose 0.20% from the prior close to $771.20. The GLD ETF, which tracks Gold, fell 0.51% from the prior close to $370.38, while the UUP ETF, which tracks the US Dollar Index, rose 0.07% from the prior close to $29.14. Figures from Finnhub as of Oct 28, 18:00 UTC.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $771.20 | +0.08% | +0.20% | Oct 28, 18:00 UTC | Finnhub |
| US Dollar Index (via UUP ETF) | $29.14 | +0.76% | +0.07% | Oct 28, 18:00 UTC | Finnhub |
| Gold (via GLD ETF) | $370.38 | -1.42% | -0.51% | Oct 28, 18:00 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $168.03 | +13.10% | +2.53% | Oct 28, 18:00 UTC | Finnhub |
Trend check
Finnhub's trend signals show WTI Crude Oil is bullish with RSI(14) 62.5. Its reported close is 107.89, above the 50-day SMA of 94.53 and the long SMA of 86.42. These moving-average and RSI values are presented as reference points only and do not imply a forecast.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| WTI Crude Oil | 107.89 | 94.53 | 86.42 | 62.5 | bullish |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 27, 22:41 UTC); it is not a recommendation.
In the news
The Bank of England published 'Remit for the Monetary Policy Committee - October 2026', a letter from the Chancellor to the Governor, per Bank of England. The U.S. Commodity Futures Trading Commission announced it will host a roundtable on 24/7 trading, per the U.S. Commodity Futures Trading Commission. Reuters reported 'Brazil's Flavio Bolsonaro arrives in US after election defeat', and Cointelegraph reported 'Bitcoin price bounce rejected at 50-day trend line ahead of FOMC, earnings'.
- Remit for the Monetary Policy Committee - October 2026 — Bank of England, Oct 28, 14:16 UTC
- CFTC to Host Roundtable on 24/7 Trading — U.S. Commodity Futures Trading Commission, Oct 28, 17:00 UTC
- Brazil's Flavio Bolsonaro arrives in US after election defeat — Reuters, Oct 28, 13:41 UTC
- Bitcoin price bounce rejected at 50-day trend line ahead of FOMC, earnings — Cointelegraph, Oct 28, 16:53 UTC
What to watch
GDP (BEA) is scheduled Thu Oct 29 (time not confirmed), per fred; Personal income and outlays / PCE (BEA) is scheduled Thu Oct 29 (time not confirmed), per fred; Weekly jobless claims (DOL) is scheduled Thu Oct 29 (time not confirmed), per fred; the ECB monetary policy decision is scheduled Thu Oct 29, 13:15 UTC, per ecb; and the Employment Cost Index is scheduled Fri Oct 30, 12:30 UTC, per bls.
- Thu Oct 29 (time not confirmed) — GDP (BEA) (US) (source)
- Thu Oct 29 (time not confirmed) — Personal income and outlays / PCE (BEA) (US) (source)
- Thu Oct 29 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
- Thu Oct 29, 13:15 UTC — ECB monetary policy decision (EU) (source)
- Fri Oct 30, 12:30 UTC — Employment Cost Index (US) (source)
Sources and data
- Bank of England (primary source) — Remit for the Monetary Policy Committee - October 2026
- U.S. Commodity Futures Trading Commission (primary source) — CFTC to Host Roundtable on 24/7 Trading
- Reuters (secondary source) — Brazil's Flavio Bolsonaro arrives in US after election defeat
- Cointelegraph (secondary source) — Bitcoin price bounce rejected at 50-day trend line ahead of FOMC, earnings
- Finnhub (market data) — market data
- U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
- U.S. Energy Information Administration via FRED (primary source) — calendar
- European Central Bank (euro reference rates) (primary source) — calendar
- U.S. Bureau of Labor Statistics (primary source) — calendar
- Federal Reserve (primary source) — calendar
Market data as of Oct 28, 18:00 UTC; report generated Oct 28, 18:00 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Gold (XAU)
A precious metal held as a store of value, a hedge against currency debasement and a safe haven, as well as used in jewellery and industry.
Gross domestic product (GDP)
The total value of goods and services produced in an economy over a period, the broadest measure of economic activity.
Sources & data
- Bank of England (primary, retrieved Oct 28, 2026, 06:06 PM UTC)
- U.S. Commodity Futures Trading Commission (primary, retrieved Oct 28, 2026, 06:06 PM UTC)
- Reuters (secondary, retrieved Oct 28, 2026, 06:06 PM UTC)
- Cointelegraph (secondary, retrieved Oct 28, 2026, 06:06 PM UTC)
- Finnhub (market-data, retrieved Oct 28, 2026, 06:06 PM UTC)
- U.S. Treasury and Federal Reserve Board via FRED (primary, retrieved Oct 28, 2026, 06:06 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 28, 2026, 06:06 PM UTC)
- European Central Bank (euro reference rates) (primary, retrieved Oct 28, 2026, 06:06 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 28, 2026, 06:06 PM UTC)
- Federal Reserve (primary, retrieved Oct 28, 2026, 06:06 PM UTC)
Market data as of Oct 28, 2026, 06:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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