Oil price falls back as traders remain focused on Middle East conflict
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+2.7% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+5.6% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF+70.4% 19d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “middle east” (tanker shipping) in this story.
- ITA iShares U.S. Aerospace & Defense ETF-3.2% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “middle east” (defense) in this story.
- XOM ExxonMobil Holdings+11.8% 12d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+6.5% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+12.1% 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 |
|---|---|---|---|---|---|---|---|
| USONo price data for this ticker | — | — | — | — | — | — | — |
| XLENo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| ITA | +2.64% | +1.68% | base | +2.24% | +2.32% | after close | after close |
| XOM | -2.72% | -2.80% | base | +0.41% | +0.28% | after close | after close |
| CVX | -3.75% | -2.77% | base | -0.65% | -0.98% | after close | after close |
| COPNo price data for this ticker | — | — | — | — | — | — | — |
| 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.
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Oil price falls back as traders remain focused on Middle East conflict Financial Times
Source: Financial Times
Price since this story was published: ExxonMobil Holdings (XOM)
| Company | When | Move | Status |
|---|---|---|---|
| Chevron (CVX) | that day | -0.65% | final price |
| Chevron (CVX) | the next day | -0.98% | still updating |
| Chevron (CVX) | three days earlier | -2.77% | final price |
| Chevron (CVX) | five days earlier | -3.75% | final price |
| ITA | that day | +2.24% | final price |
| ITA | the next day | +2.32% | still updating |
| ITA | three days earlier | +1.68% | final price |
| ITA | five days earlier | +2.64% | final price |
| ExxonMobil Holdings (XOM) | that day | +0.41% | final price |
| ExxonMobil Holdings (XOM) | the next day | +0.28% | still updating |
| 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).
How busy Middle East has been lately
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Oil price falls back as traders remain focused on Middle East conflict” is tagged to Middle East.
Companies in energy around ExxonMobil Holdings (XOM)
Likely winners
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 26 Oct 2026 story “Oil price falls back as traders remain focused on Middle East conflict.” Reason on file: Oil producers earn more when crude prices rise. Linked by “oil price + price” in this story
- CVX Chevron
Chevron (CVX) tends to benefit, medium confidence in the 26 Oct 2026 story “Oil price falls back as traders remain focused on Middle East conflict.” Reason on file: Oil producers earn more when crude prices rise. Linked by “oil price + price” in this story
- OXY Occidental Petroleum
Occidental Petroleum (OXY) tends to benefit, medium confidence in the 26 Oct 2026 story “Oil price falls back as traders remain focused on Middle East conflict.” Reason on file: Oil producers earn more when crude prices rise. Linked by “oil price + price” in this story
- COP Conocophillips
In “Oil price falls back as traders remain focused on Middle East conflict,” Conocophillips (COP) tends to benefit, medium confidence. Reason on file: Oil producers earn more when crude prices rise. Linked by “oil price + price” in this story
What Middle East means for ExxonMobil Holdings (XOM)
“Oil price falls back as traders remain focused on Middle East conflict” (26 Oct 2026) reaches ExxonMobil Holdings (XOM) through Middle East.
ExxonMobil Holdings (XOM) is on the page because Oil producers earn more when crude prices rise. Linked by “oil price + price” in this story
Also listed, Chevron (CVX): Oil producers earn more when crude prices rise. Linked by “oil price + price” in this story
Price levels for ExxonMobil Holdings (XOM)
CVX traded between 201.96 and 234.06 across 20 sessions. The latest close on file is 232.00. OXY traded between 54.76 and 64.95 across 19 sessions. The latest close on file is 64.07. XOM traded between 164.06 and 184.58 across 12 sessions. The latest close on file is 184.54.
A simple score for ExxonMobil Holdings (XOM)
33 out of 100Price not final
“Oil price falls back as traders remain focused on Middle East conflict” scores 33 out of 100. The score uses 1 sources, and 4 linked companies. The price is not final yet.