Geopolitics Alpha

Oil Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87%

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Oil Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87%

U.S. Treasuries extended their biggest monthly gain in more than two years, rising again Monday led by intermediate- and long-dated maturities, with…

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+13.9% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+12.1% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • TIP iShares TIPS Bond ETF-0.5% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • TLT iShares 20+ Year Treasury Bond ETF-1.6% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “treasuries” (US interest rates) in this story.

  • XOM ExxonMobil Holdings+10.6% 15d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron+15.7% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • COP ConocoPhillips+4.8% 30d

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • SHEL Shell-2.5% 12d

    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

TickerT-5T-3T-1T0T+1T+2T+3
USONo price data for this ticker———————
XLENo price data for this ticker———————
TIPNo price data for this ticker———————
TLT-0.10%-0.30%baseafter closeafter closeafter closeafter close
XOM+0.06%+1.89%baseafter closeafter closeafter closeafter close
CVX+0.19%+1.58%baseafter closeafter closeafter closeafter 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 Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87% BigGo Finance

Source: BigGo Finance

United States Oil Fund (USO) since this story, compared with the market

CompanyWhenMoveStatus
Chevron (CVX)three days earlier+1.58%final price
Chevron (CVX)five days earlier+0.19%final price
TLTthree days earlier-0.30%final price
TLTfive days earlier-0.10%final price
ExxonMobil Holdings (XOM)three days earlier+1.89%final price
ExxonMobil Holdings (XOM)five days earlier+0.06%final price

Trades by members of Congress and officials in the stocks in this story

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).

United States Oil Fund (USO) on one side of this energy story

Companies tied to this story

  • USO United States Oil Fund

    For “Oil Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87%,” 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

    Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Oil Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87%.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • TIP Ishares Tr

    In “Oil Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87%,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Oil Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87%.” 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 Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87%,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • COP Conocophillips

    For “Oil Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87%,” 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

  • SHEL Shell

    Shell (SHEL) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Oil Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87%.” Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • WMT Walmart

    For “Oil Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87%,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

United States Oil Fund (USO) and the energy link

United States Oil Fund (USO) is the company in “Oil Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87%,” the 2 Nov 2026 Energy story.

What ties United States Oil Fund (USO) to the headline 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

The price range for United States Oil Fund (USO), and the dates in the story

TIP traded between 103.77 and 105.67 across 20 sessions. The latest close on file is 105.27. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.

How solid the energy case looks

46 out of 100

“Oil Prices Plunge 7.4%, Easing Inflation Anxiety as U.S. 10-Year Treasury Yield Falls Below 4.87%” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.