Oil Futures Slide As Market Holds Out Hopes for Middle East Diplomacy
Published . Updated .
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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-0.1% 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.
- FRO Frontline+1.0% 30d
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.
- 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.
- DHT DHT Holdings
DHT Holdings (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.
- CVX Chevron+4.2% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- INSW International Seaways-13.9% 15d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) 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 | +13.96% | +6.75% | base | +0.65% | after close | after close | after close |
| XLE | +13.47% | +8.12% | base | -0.08% | after close | after close | after close |
| BWET | +38.94% | +24.54% | base | — | after close | after close | after close |
| FRO | +27.38% | +17.44% | base | +2.08% | after close | after close | after close |
| XOM | +13.27% | +7.37% | base | +0.52% | after close | after close | after close |
| DHT | +22.29% | +17.01% | base | +1.64% | after close | after close | after close |
| CVX | +10.62% | +5.78% | base | +0.02% | after close | after close | after close |
| INSW | +18.39% | +10.91% | base | +3.69% | 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 Futures Slide As Market Holds Out Hopes for Middle East Diplomacy WSJ
Source: The Wall Street Journal
United States Oil Fund (USO) compared with energy stocks (XLE) since 6 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | +24.54% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +38.94% | final price |
| Chevron (CVX) | that day | +0.02% | final price |
| Chevron (CVX) | three days earlier | +5.78% | final price |
| Chevron (CVX) | five days earlier | +10.62% | final price |
| DHT | that day | +1.64% | final price |
| DHT | three days earlier | +17.01% | final price |
| DHT | five days earlier | +22.29% | final price |
| Frontline (FRO) | that day | +2.08% | final price |
| Frontline (FRO) | three days earlier | +17.44% | final price |
| Frontline (FRO) | five days earlier | +27.38% | final price |
| INSW | that day | +3.69% | final price |
| INSW | three days earlier | +10.91% | final price |
| INSW | five days earlier | +18.39% | final price |
| United States Oil Fund (USO) | that day | +0.65% | final price |
| United States Oil Fund (USO) | three days earlier | +6.75% | final price |
| United States Oil Fund (USO) | five days earlier | +13.96% | final price |
| Select Sector Spdr Tr (XLE) | that day | -0.08% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +8.12% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +13.47% | final price |
| ExxonMobil Holdings (XOM) | that day | +0.52% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +7.37% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +13.27% | 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 23 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 67 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 23 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 44 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 65 days before publication. Filed 7 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 72 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 74 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 77 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).
Middle East on the map for this story
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Oil Futures Slide As Market Holds Out Hopes for Middle East Diplomacy” is tagged to Middle East.
United States Oil Fund (USO) on one side of this energy story
Companies that tend to gain
- XOM ExxonMobil Holdings
In “Oil Futures Slide As Market Holds Out Hopes for Middle East Diplomacy,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. 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
In “Oil Futures Slide As Market Holds Out Hopes for Middle East Diplomacy,” 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
- USO United States Oil Fund
For “Oil Futures Slide As Market Holds Out Hopes for Middle East Diplomacy,” 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 Futures Slide As Market Holds Out Hopes for Middle East Diplomacy,” 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
- BWET Amplify Commodity Trust
In “Oil Futures Slide As Market Holds Out Hopes for Middle East Diplomacy,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story
- COP Conocophillips
In “Oil Futures Slide As Market Holds Out Hopes for Middle East Diplomacy,” 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
United States Oil Fund (USO) and the energy link
“Oil Futures Slide As Market Holds Out Hopes for Middle East Diplomacy” (6 Nov 2026) reaches United States Oil Fund (USO) through Middle East.
The link for United States Oil Fund (USO) is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Price levels for United States Oil Fund (USO)
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.22. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
A simple score for United States Oil Fund (USO)
46 out of 100
“Oil Futures Slide As Market Holds Out Hopes for Middle East Diplomacy” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.