Indian shares muted as oil prices, foreign outflows offset IT rebound
Published . Updated .
This report is about oil and tanker shipping. Names like XOM and CVX 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.
- BWET Breakwave Tanker Shipping ETF+64.8% 18d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- INDA iShares MSCI India ETF-5.0% 30d
iShares MSCI India ETF holds stocks listed in India, which this story is about (“indian”).
- 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 | -5.98% | -3.16% | base | +0.36% | +2.76% | +5.66% | +5.08% |
| XLE | -5.66% | -3.14% | base | +0.65% | -0.95% | +1.56% | +0.92% |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| INDANo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -5.76% | -2.91% | base | +1.66% | +0.37% | +2.83% | +2.38% |
| CVX | -5.81% | -2.68% | base | +1.96% | +0.71% | +3.29% | +3.06% |
| COP | -7.85% | -4.82% | base | +1.01% | +0.58% | +3.97% | +3.07% |
| 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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Indian shares muted as oil prices, foreign outflows offset IT rebound Reuters
Source: Reuters
Energy
| Company | When | Move | Status |
|---|---|---|---|
| COP | that day | +1.01% | final price |
| COP | the next day | +0.58% | final price |
| COP | two days later | +3.97% | final price |
| COP | three days later | +3.07% | final price |
| COP | three days earlier | -4.82% | final price |
| COP | five days earlier | -7.85% | final price |
| CVX | that day | +1.96% | final price |
| CVX | the next day | +0.71% | final price |
| CVX | two days later | +3.29% | final price |
| CVX | three days later | +3.06% | final price |
| CVX | three days earlier | -2.68% | final price |
| CVX | five days earlier | -5.81% | final price |
| USO | that day | +0.36% | final price |
| USO | the next day | +2.76% | final price |
| USO | two days later | +5.66% | final price |
| USO | three days later | +5.08% | final price |
| USO | three days earlier | -3.16% | final price |
| USO | five days earlier | -5.98% | final price |
| XLE | that day | +0.65% | final price |
| XLE | the next day | -0.95% | final price |
| XLE | two days later | +1.56% | final price |
| XLE | three days later | +0.92% | final price |
| XLE | three days earlier | -3.14% | final price |
| XLE | five days earlier | -5.66% | final price |
| XOM | that day | +1.66% | final price |
| XOM | the next day | +0.37% | final price |
| XOM | two days later | +2.83% | final price |
| XOM | three days later | +2.38% | final price |
| XOM | three days earlier | -2.91% | final price |
| XOM | five days earlier | -5.76% | 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 44 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 75 days before publication. Filed 22 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 24 Jul 2026. That is 82 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 21 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 42 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 49 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 49 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 51 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 54 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).
How solid the energy case looks
12 out of 100
“Indian shares muted as oil prices, foreign outflows offset IT rebound” scores 12 out of 100. The score uses 1 sources.