Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2%
Published . Updated .
By William Collins, consultant in stock markets – Eurasia Business News, November 2, 2026. Article no 3240 U.S. stocks advanced on Monday, November 2, as falling oil prices helped restore confidenc…
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.
- GLD SPDR Gold Shares-3.3% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) 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.
- XOM ExxonMobil Holdings+13.4% 16d
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+8.3% 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 |
|---|---|---|---|---|---|---|---|
| USO | -1.54% | -1.29% | base | -5.75% | after close | after close | after close |
| XLE | -0.51% | -2.20% | base | -1.84% | after close | after close | after close |
| GLDNo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -1.45% | -2.77% | base | -2.15% | after close | after close | after close |
| CVX | -1.54% | -2.69% | base | -2.13% | after close | after close | after close |
| COP | -1.71% | -3.24% | base | -3.27% | after close | after close | after close |
| 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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Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2% Eurasia Business News
Source: Eurasia Business News
Spdr Gold Trust (GLD) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| COP | that day | -3.27% | still updating |
| COP | three days earlier | -3.24% | final price |
| COP | five days earlier | -1.71% | final price |
| CVX | that day | -2.13% | still updating |
| CVX | three days earlier | -2.69% | final price |
| CVX | five days earlier | -1.54% | final price |
| United States Oil Fund (USO) | that day | -5.75% | still updating |
| United States Oil Fund (USO) | three days earlier | -1.29% | final price |
| United States Oil Fund (USO) | five days earlier | -1.54% | final price |
| XLE | that day | -1.84% | still updating |
| XLE | three days earlier | -2.20% | final price |
| XLE | five days earlier | -0.51% | final price |
| XOM | that day | -2.15% | still updating |
| XOM | three days earlier | -2.77% | final price |
| XOM | five days earlier | -1.45% | 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 19 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 63 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 19 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 40 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 61 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 68 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 70 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 73 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Newmont (NEM), worth $1,001 - $15,000 on 24 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Wheaton Precious Metals (WPM), worth $1,001 - $15,000 on 26 Aug 2026. That is 68 days before publication. Filed 10 Sep 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. “Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2%” is tagged to Middle East.
Who collects and who pays in energy
Companies carried with this story
- GLD Spdr Gold Trust
In “Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2%,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- GDX Vaneck Etf Trust
For “Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2%,” Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2%.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- BWET Amplify Commodity Trust
In “Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2%,” 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
- NEM Newmont
Newmont (NEM) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2%.” Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- AEM Agnico Eagle Mines
Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2%.” Reason on file: Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- WPM Wheaton Precious Metals
In “Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2%,” Wheaton Precious Metals (WPM) is linked, with no stored direction, medium confidence. Reason on file: Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- GOLD Gold.com
Gold.com (GOLD) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2%.” Reason on file: Gold.com (jewelry, watches, precious stones and metals): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
Spdr Gold Trust (GLD) and the energy link
“Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2%” (2 Nov 2026) reaches Spdr Gold Trust (GLD) through Middle East.
What ties Spdr Gold Trust (GLD) to the headline is this: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
Also listed, Vaneck Etf Trust (GDX): VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
The price range for Spdr Gold Trust (GLD), and the dates in the story
GDX traded between 78.92 and 89.70 across 20 sessions. The latest close on file is 83.13. GLD traded between 373.41 and 400.78 across 20 sessions. The latest close on file is 379.67. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83.
The energy score for Spdr Gold Trust (GLD)
46 out of 100Price not final
“Stock Market Today: Oil Slides on Middle East Hopes as Wall Street Rebounds, Gold price Gains 2%” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.