Sinking AI stocks undercut markets worldwide as oil climbs to its highest price since May | National News | 2news.com
Published . Updated .
AI stocks are dragging markets down worldwide. The S&P 500 sank 1.3% Thursday following even sharper losses in Asia, whose markets are full of AI and other technology stocks. The
Directly affected
- No company is named in this report.
Indirectly affected
- XOM Exxon Mobil+7.9%
Oil producers earn more when crude prices rise
- CVX Chevron+5.9%
Oil producers earn more when crude prices rise
- OXY Occidental Petroleum+1.1%
Oil producers earn more when crude prices rise
- COP ConocoPhillips+8.5%
Oil producers earn more when crude prices rise
- VLO Valero+11.4%
Refiners' profits move with crude and fuel prices
- MPC Marathon Petroleum+10.2%
Refiners' profits move with crude and fuel prices
- XOP SPDR S&P Oil & Gas Exploration+1.7%
A fund of oil and gas producers
- XLE Energy Select Sector SPDR+3.8%
A fund of energy companies
- USO United States Oil Fund+4.9%
This fund moves with oil prices
- OIH VanEck Oil Services-6.2%
Oilfield services rise when drilling follows oil prices
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XOM | -1.88% | +0.08% | base | +0.06% | after close | after close | after close |
| CVX | -3.26% | -1.00% | base | -0.08% | after close | after close | after close |
| OXY | -3.25% | +0.04% | base | -0.34% | after close | after close | after close |
| COP | -2.72% | -0.31% | base | -0.01% | after close | after close | after close |
| VLO | +1.78% | -0.79% | base | -2.37% | after close | after close | after close |
| MPC | +1.61% | +1.14% | base | -2.06% | after close | after close | after close |
| XOP | -2.07% | +0.23% | base | -1.08% | after close | after close | after close |
| XLE | -2.35% | -0.51% | base | -0.84% | after close | after close | after close |
| USO | -1.53% | +0.69% | base | +1.72% | after close | after close | after close |
| OIH | -4.37% | -2.13% | base | -4.21% | 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.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Sinking AI stocks undercut markets worldwide as oil climbs to its highest price since May | National News | 2news.com KTVN
Source: KTVN
Energy
| Company | When | Move | Status |
|---|---|---|---|
| COP | that day | -0.01% | final price |
| COP | three days earlier | -0.31% | final price |
| COP | five days earlier | -2.72% | final price |
| CVX | that day | -0.08% | final price |
| CVX | three days earlier | -1.00% | final price |
| CVX | five days earlier | -3.26% | final price |
| MPC | that day | -2.06% | final price |
| MPC | three days earlier | +1.14% | final price |
| MPC | five days earlier | +1.61% | final price |
| OIH | that day | -4.21% | final price |
| OIH | three days earlier | -2.13% | final price |
| OIH | five days earlier | -4.37% | final price |
| OXY | that day | -0.34% | final price |
| OXY | three days earlier | +0.04% | final price |
| OXY | five days earlier | -3.25% | final price |
| USO | that day | +1.72% | final price |
| USO | three days earlier | +0.69% | final price |
| USO | five days earlier | -1.53% | final price |
| VLO | that day | -2.37% | final price |
| VLO | three days earlier | -0.79% | final price |
| VLO | five days earlier | +1.78% | final price |
| XLE | that day | -0.84% | final price |
| XLE | three days earlier | -0.51% | final price |
| XLE | five days earlier | -2.35% | final price |
| XOM | that day | +0.06% | final price |
| XOM | three days earlier | +0.08% | final price |
| XOM | five days earlier | -1.88% | final price |
| XOP | that day | -1.08% | final price |
| XOP | three days earlier | +0.23% | final price |
| XOP | five days earlier | -2.07% | 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 52 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 83 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 29 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 50 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Chevron (CVX), worth $15,001 - $50,000 on 31 Jul 2026. That is 83 days before publication. Filed 22 Sep 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 57 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 59 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 14 Aug 2026. That is 69 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 30 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 24 Jul 2026. That is 90 days before publication. Filed 6 Aug 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
“Sinking AI stocks undercut markets worldwide as oil climbs to its highest price since May | National News | 2news.com” scores 12 out of 100. The score uses 1 sources.