Crude Oil Weekly Outlook: Elections Test Brent–WTI Resistance Levels
Published . Updated .
Covered by 2 outlets: StoneX, FOREX.com.
This report is about oil. Names like XOM typically gain because exxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.2% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+7.4% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- XOM ExxonMobil Holdings+11.0% 11d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+9.9% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+11.7% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell+0.1% 13d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (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 | -5.13% | -5.78% | base | after close | after close | after close | after close |
| XLE | -2.19% | -1.69% | base | after close | after close | after close | after close |
| XOM | -2.72% | -2.80% | base | after close | after close | after close | after close |
| CVX | -3.75% | -2.77% | base | after close | after close | after close | after close |
| COP | -3.70% | -3.40% | base | +0.30% | after close | after close | after close |
| SHELNo price data for this ticker | — | — | — | — | — | — | — |
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.
Market Call
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Crude Oil Weekly Outlook: Elections Test Brent–WTI Resistance Levels StoneX
Source: StoneX
Price since this story was published: ExxonMobil Holdings (XOM)
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | that day | +0.30% | still updating |
| Conocophillips (COP) | three days earlier | -3.40% | final price |
| Conocophillips (COP) | five days earlier | -3.70% | final price |
| Chevron (CVX) | three days earlier | -2.77% | final price |
| Chevron (CVX) | five days earlier | -3.75% | final price |
| USO | three days earlier | -5.78% | final price |
| USO | five days earlier | -5.13% | final price |
| XLE | three days earlier | -1.69% | final price |
| XLE | five days earlier | -2.19% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -2.80% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -2.72% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 56 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 87 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 33 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 54 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 61 days before publication. Filed 8 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 61 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 63 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 66 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 66 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).
Who collects and who pays in energy
The side that tends to collect
- XOM ExxonMobil Holdings
For “Crude Oil Weekly Outlook: Elections Test Brent–WTI Resistance Levels,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: Oil producers earn more when crude prices rise. Linked by “crude + brent” in this story
- CVX Chevron
Chevron (CVX) tends to benefit, medium confidence in the 26 Oct 2026 story “Crude Oil Weekly Outlook: Elections Test Brent–WTI Resistance Levels.” Reason on file: Oil producers earn more when crude prices rise. Linked by “crude + brent” in this story
- OXY Occidental Petroleum
Occidental Petroleum (OXY) tends to benefit, medium confidence in the 26 Oct 2026 story “Crude Oil Weekly Outlook: Elections Test Brent–WTI Resistance Levels.” Reason on file: Oil producers earn more when crude prices rise. Linked by “crude + brent” in this story
- COP Conocophillips
Conocophillips (COP) tends to benefit, medium confidence in the 26 Oct 2026 story “Crude Oil Weekly Outlook: Elections Test Brent–WTI Resistance Levels.” Reason on file: Oil producers earn more when crude prices rise. Linked by “crude + brent” in this story
ExxonMobil Holdings (XOM) and the energy link
ExxonMobil Holdings (XOM) is the company in “Crude Oil Weekly Outlook: Elections Test Brent–WTI Resistance Levels,” the 26 Oct 2026 Energy story.
What ties ExxonMobil Holdings (XOM) to the headline is this: Oil producers earn more when crude prices rise. Linked by “crude + brent” in this story
Chevron (CVX) is here too. Its reason reads: Oil producers earn more when crude prices rise. Linked by “crude + brent” in this story
Price levels for ExxonMobil Holdings (XOM)
CVX traded between 201.96 and 233.73 across 20 sessions. The latest close on file is 233.23. OXY traded between 54.76 and 64.95 across 18 sessions. The latest close on file is 64.16. XOM traded between 164.06 and 183.70 across 11 sessions. The latest close on file is 183.21.
The energy score for ExxonMobil Holdings (XOM)
41 out of 100Price not final
“Crude Oil Weekly Outlook: Elections Test Brent–WTI Resistance Levels” scores 41 out of 100. The score uses 2 sources, and 4 linked companies. The price is not final yet.