Stocks Gain Before Tech Earnings as Oil Declines: Markets Wrap
Published . Updated .
This report is about oil.
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.
- 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 |
|---|---|---|---|---|---|---|---|
| USO | -5.13% | -5.78% | base | -1.59% | after close | after close | after close |
| XLE | -2.19% | -1.69% | base | +0.30% | after close | after close | after close |
| XOM | -2.72% | -2.80% | base | +0.41% | after close | after close | after close |
| CVX | -3.75% | -2.77% | base | -0.65% | after close | after close | after close |
| COP | -3.70% | -3.40% | base | +0.31% | 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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Stocks Gain Before Tech Earnings as Oil Declines: Markets Wrap Bloomberg.com
Source: Bloomberg
United States Oil Fund (USO) compared with energy stocks (XLE) since 26 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | that day | +0.31% | final price |
| Conocophillips (COP) | three days earlier | -3.40% | final price |
| Conocophillips (COP) | five days earlier | -3.70% | final price |
| Chevron (CVX) | that day | -0.65% | final price |
| Chevron (CVX) | three days earlier | -2.77% | final price |
| Chevron (CVX) | five days earlier | -3.75% | final price |
| United States Oil Fund (USO) | that day | -1.59% | final price |
| United States Oil Fund (USO) | three days earlier | -5.78% | final price |
| United States Oil Fund (USO) | five days earlier | -5.13% | final price |
| Select Sector Spdr Tr (XLE) | that day | +0.30% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -1.69% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -2.19% | final price |
| ExxonMobil Holdings (XOM) | that day | +0.41% | final price |
| 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.
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).
Companies in energy around United States Oil Fund (USO)
Companies carried with this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Stocks Gain Before Tech Earnings as Oil Declines: Markets Wrap.” 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 26 Oct 2026 story “Stocks Gain Before Tech Earnings as Oil Declines: Markets Wrap.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- XOM ExxonMobil Holdings
For “Stocks Gain Before Tech Earnings as Oil Declines: Markets Wrap,” ExxonMobil Holdings (XOM) is linked, with no stored direction, 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
Chevron (CVX) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Stocks Gain Before Tech Earnings as Oil Declines: Markets Wrap.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- COP Conocophillips
In “Stocks Gain Before Tech Earnings as Oil Declines: Markets Wrap,” 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
For “Stocks Gain Before Tech Earnings as Oil Declines: Markets Wrap,” Shell (SHEL) is linked, with no stored direction, medium confidence. 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
How energy news reaches United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Stocks Gain Before Tech Earnings as Oil Declines: Markets Wrap,” the 26 Oct 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
What this energy story puts on the calendar
USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 166.26. XLE traded between 60.95 and 69.86 across 20 sessions. The latest close on file is 69.64. XOM traded between 164.06 and 184.58 across 12 sessions. The latest close on file is 184.54.
What the saved facts support for United States Oil Fund (USO)
46 out of 100
“Stocks Gain Before Tech Earnings as Oil Declines: Markets Wrap” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.