Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran
Published . Updated .
Covered by 2 outlets: The Lufkin Daily News, Central Oregon Daily.
Key takeaways
- By Georgina McCartney LONDON, Nov 9 (Reuters) - Brent crude futures continued tumbling after settlement on Monday to lose more than $7 a barrel, hitting their lowest since late August,
- Exposed: OXY, COP, FRO, USO, XLE
- Market reaction: COP −1.3% on the day (still updating); OXY −1.1% on the day; BWET −13.6% on the day
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By Georgina McCartney LONDON, Nov 9 (Reuters) - Brent crude futures continued tumbling after settlement on Monday to lose more than $7 a barrel, hitting their lowest since late August,
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 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 “oil” (tanker shipping) in this story.
- EWU iShares MSCI United Kingdom ETF-1.8% 16d
iShares MSCI United Kingdom ETF holds stocks listed in the UK, which this story is about (“london”).
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+3.0% 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.
- BP BP p.l.c+12.3% 9d
BP p.l.c (petroleum refining, with business in the UK): 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 | +5.62% | -2.06% | base | -3.90% | after close | after close | after close |
| XLE | +9.12% | +3.08% | base | +0.56% | after close | after close | after close |
| BWET | +35.08% | +5.02% | base | -13.59% | after close | after close | after close |
| EWU | +1.72% | +3.62% | base | +2.33% | after close | after close | after close |
| XOM | +8.37% | +2.16% | base | -0.67% | after close | after close | after close |
| CVX | +7.15% | +2.05% | base | -1.18% | after close | after close | after close |
| OXY | +7.63% | +1.63% | base | -1.10% | after close | after close | after close |
| BP | +7.55% | +2.43% | base | +0.13% | 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.
Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran The Lufkin Daily News
Source: The Lufkin Daily News
Occidental Petroleum (OXY) compared with energy stocks (XLE) since 9 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| BP | that day | +0.13% | final price |
| BP | three days earlier | +2.43% | final price |
| BP | five days earlier | +7.55% | final price |
| Amplify Commodity Trust (BWET) | that day | -13.59% | final price |
| Amplify Commodity Trust (BWET) | three days earlier | +5.02% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +35.08% | final price |
| Chevron (CVX) | that day | -1.18% | final price |
| Chevron (CVX) | three days earlier | +2.05% | final price |
| Chevron (CVX) | five days earlier | +7.15% | final price |
| EWU | that day | +2.33% | final price |
| EWU | three days earlier | +3.62% | final price |
| EWU | five days earlier | +1.72% | final price |
| Occidental Petroleum (OXY) | that day | -1.10% | final price |
| Occidental Petroleum (OXY) | three days earlier | +1.63% | final price |
| Occidental Petroleum (OXY) | five days earlier | +7.63% | final price |
| United States Oil Fund (USO) | that day | -3.90% | final price |
| United States Oil Fund (USO) | three days earlier | -2.06% | final price |
| United States Oil Fund (USO) | five days earlier | +5.62% | final price |
| Select Sector Spdr Tr (XLE) | that day | +0.56% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +3.08% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +9.12% | final price |
| ExxonMobil Holdings (XOM) | that day | -0.67% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +2.16% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +8.37% | 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 26 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 70 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 26 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 47 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 68 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 80 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 75 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 77 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 80 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
- OXY Occidental Petroleum
In “Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran,” Occidental Petroleum (OXY) tends to benefit, medium confidence. 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
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 9 Nov 2026 story “Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran.” 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 “Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran,” 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
No up or down call on file
- COP Conocophillips
For “Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- FRO Frontline
For “Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran,” 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
For “Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. 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 “Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran,” 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
Occidental Petroleum (OXY) and the energy link
“Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran” (9 Nov 2026) reaches Occidental Petroleum (OXY) through Energy.
What ties Occidental Petroleum (OXY) to the headline is this: Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
Also listed, Conocophillips (COP): ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
Dates and price levels for Occidental Petroleum (OXY)
COP traded between 127.90 and 152.76 across 19 sessions. The latest close on file is 136.33. FRO traded between 47.51 and 59.74 across 20 sessions. The latest close on file is 48.49. OXY traded between 54.76 and 64.95 across 17 sessions. The latest close on file is 62.73.
The energy score for Occidental Petroleum (OXY)
54 out of 100
“Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran” scores 54 out of 100. The score uses 2 sources, and 8 linked companies.