Global Oil Prices Plunge for Second Day; Brent Crude in $103 Range on US-Iran Talks Hopes, Midterm Election Factor
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Global oil prices fell for a second consecutive day as hopes grew for a ceasefire deal between the United States and Iran and Democrats swept both…
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “iran” (tanker shipping) in this story.
- ITA iShares U.S. Aerospace & Defense ETF+1.1% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “ceasefire” (defense) in this story.
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+9.6% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- OXY Occidental Petroleum+10.3% 18d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+11.6% 30d
ConocoPhillips (petroleum refining): 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 | +5.38% | +6.75% | base | after close | after close | after close | after close |
| XLE | +2.64% | +4.95% | base | after close | after close | after close | after close |
| BWET | +7.18% | +11.56% | base | after close | after close | after close | after close |
| ITA | -4.02% | -3.08% | base | after close | after close | after close | after close |
| XOM | +2.57% | +5.49% | base | after close | after close | after close | after close |
| CVX | +1.76% | +4.58% | base | after close | after close | after close | after close |
| OXY | +4.03% | +5.88% | base | after close | after close | after close | after close |
| COP | +3.21% | +6.66% | base | after close | after close | after close | after close |
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.
Global Oil Prices Plunge for Second Day; Brent Crude in $103 Range on US-Iran Talks Hopes, Midterm Election Factor BigGo Finance
Source: BigGo Finance
The price since 4 Nov 2026: ExxonMobil Holdings (XOM) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | +11.56% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +7.18% | final price |
| Conocophillips (COP) | three days earlier | +6.66% | final price |
| Conocophillips (COP) | five days earlier | +3.21% | final price |
| Chevron (CVX) | three days earlier | +4.58% | final price |
| Chevron (CVX) | five days earlier | +1.76% | final price |
| ITA | three days earlier | -3.08% | final price |
| ITA | five days earlier | -4.02% | final price |
| Occidental Petroleum (OXY) | three days earlier | +5.88% | final price |
| Occidental Petroleum (OXY) | five days earlier | +4.03% | final price |
| United States Oil Fund (USO) | three days earlier | +6.75% | final price |
| United States Oil Fund (USO) | five days earlier | +5.38% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +4.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.64% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +5.49% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +2.57% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 65 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 21 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 42 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 63 days before publication. Filed 7 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 75 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 70 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 72 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 75 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
Likely winners
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 4 Nov 2026 story “Global Oil Prices Plunge for Second Day; Brent Crude in $103 Range on US-Iran Talks Hopes, Midterm Election Factor.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
For “Global Oil Prices Plunge for Second Day; Brent Crude in $103 Range on US-Iran Talks Hopes, Midterm Election Factor,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- OXY Occidental Petroleum
Occidental Petroleum (OXY) tends to benefit, medium confidence in the 4 Nov 2026 story “Global Oil Prices Plunge for Second Day; Brent Crude in $103 Range on US-Iran Talks Hopes, Midterm Election Factor.” Reason on file: Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
No up or down call on file
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Global Oil Prices Plunge for Second Day; Brent Crude in $103 Range on US-Iran Talks Hopes, Midterm Election Factor.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- FRO Frontline
In “Global Oil Prices Plunge for Second Day; Brent Crude in $103 Range on US-Iran Talks Hopes, Midterm Election Factor,” Frontline (FRO) is linked, with no stored direction, medium confidence. Reason on file: Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) in this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Global Oil Prices Plunge for Second Day; Brent Crude in $103 Range on US-Iran Talks Hopes, Midterm Election Factor.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
For “Global Oil Prices Plunge for Second Day; Brent Crude in $103 Range on US-Iran Talks Hopes, Midterm Election Factor,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
How energy news reaches ExxonMobil Holdings (XOM)
The 4 Nov 2026 story “Global Oil Prices Plunge for Second Day; Brent Crude in $103 Range on US-Iran Talks Hopes, Midterm Election Factor” names ExxonMobil Holdings (XOM) because of Energy.
What ties ExxonMobil Holdings (XOM) to the headline is this: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
Conocophillips (COP) is here too. Its reason reads: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
The price range for ExxonMobil Holdings (XOM), and the dates in the story
COP traded between 127.24 and 152.76 across 17 sessions. The latest close on file is 147.96. FRO traded between 49.05 and 59.74 across 20 sessions. The latest close on file is 52.47. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
What the saved facts support for ExxonMobil Holdings (XOM)
46 out of 100
“Global Oil Prices Plunge for Second Day; Brent Crude in $103 Range on US-Iran Talks Hopes, Midterm Election Factor” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.