Geopolitics Alpha

Stocks Rebound as Crude Oil Prices Fall and Chipmakers Recover

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, SMH, XOM, CVX
  • Market reaction: XLE −0.4% on the day (still updating); USO −0.0% on the day (still updating); AVGO +3.5% on the day (still updating)

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ENERGYStocks Rebound as Crude Oil PricesFall and Chipmakers RecoverGEOPOLITICS ALPHA

This report is about oil and semiconductors. 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+8.9% 30d

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

  • XLE Energy Select Sector SPDR+8.9% 30d

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

  • SMH VanEck Semiconductor ETF-16.4% 30d

    VanEck Semiconductor ETF: it holds chipmakers. Linked by “chipmaker” (semiconductors) in this story.

  • XOM ExxonMobil Holdings+6.2% 16d

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

  • CVX Chevron+12.5% 30d

    Chevron (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.

  • OXY Occidental Petroleum-1.2% 19d

    Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • ASML ASML Holding N.V-0.1% 17d

    ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “chipmaker” (semiconductors) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO+4.37%+7.30%base-0.01%after closeafter closeafter close
XLE+1.44%+2.16%base-0.36%after closeafter closeafter close
SMH+9.78%+10.54%base+2.65%after closeafter closeafter close
XOM+0.06%+1.89%base-1.00%after closeafter closeafter close
CVX+0.19%+1.58%base-0.75%after closeafter closeafter close
SHEL-0.17%+2.59%base-0.96%after closeafter closeafter close
OXY+3.32%+3.76%base-0.40%after closeafter closeafter close
ASML+7.22%+9.85%base+2.32%after closeafter closeafter 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.

Stocks Rebound as Crude Oil Prices Fall and Chipmakers Recover Barchart.com

Source: Barchart.com

How far United States Oil Fund (USO) has moved since 3 Nov 2026

CompanyWhenMoveStatus
ASMLthat day+2.32%still updating
ASMLthree days earlier+9.85%final price
ASMLfive days earlier+7.22%final price
Chevron (CVX)that day-0.75%still updating
Chevron (CVX)three days earlier+1.58%final price
Chevron (CVX)five days earlier+0.19%final price
Occidental Petroleum (OXY)that day-0.40%still updating
Occidental Petroleum (OXY)three days earlier+3.76%final price
Occidental Petroleum (OXY)five days earlier+3.32%final price
Shell (SHEL)that day-0.96%still updating
Shell (SHEL)three days earlier+2.59%final price
Shell (SHEL)five days earlier-0.17%final price
Vaneck Etf Trust (SMH)that day+2.65%still updating
Vaneck Etf Trust (SMH)three days earlier+10.54%final price
Vaneck Etf Trust (SMH)five days earlier+9.78%final price
United States Oil Fund (USO)that day-0.01%still updating
United States Oil Fund (USO)three days earlier+7.30%final price
United States Oil Fund (USO)five days earlier+4.37%final price
Select Sector Spdr Tr (XLE)that day-0.36%still updating
Select Sector Spdr Tr (XLE)three days earlier+2.16%final price
Select Sector Spdr Tr (XLE)five days earlier+1.44%final price
ExxonMobil Holdings (XOM)that day-1.00%still updating
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).

Who collects and who pays in energy

Likely winners

  • XOM ExxonMobil Holdings

    In “Stocks Rebound as Crude Oil Prices Fall and Chipmakers Recover,” ExxonMobil Holdings (XOM) tends to benefit, 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) tends to benefit, medium confidence in the 3 Nov 2026 story “Stocks Rebound as Crude Oil Prices Fall and Chipmakers Recover.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

No up or down call on file

  • USO United States Oil Fund

    For “Stocks Rebound as Crude Oil Prices Fall and Chipmakers Recover,” 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

    For “Stocks Rebound as Crude Oil Prices Fall and Chipmakers Recover,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • SMH Vaneck Etf Trust

    Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Stocks Rebound as Crude Oil Prices Fall and Chipmakers Recover.” Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “chipmaker” (semiconductors) in this story

  • SHEL Shell

    For “Stocks Rebound as Crude Oil Prices Fall and Chipmakers Recover,” 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

United States Oil Fund (USO) and the energy link

On 3 Nov 2026, “Stocks Rebound as Crude Oil Prices Fall and Chipmakers Recover” is the story that connects United States Oil Fund (USO) to Energy.

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

A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

What this energy story puts on the calendar

SMH traded between 506.51 and 639.33 across 20 sessions. The latest close on file is 508.07. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 156.89. XLE traded between 62.95 and 70.15 across 20 sessions. The latest close on file is 67.26.

What the saved facts support for United States Oil Fund (USO)

46 out of 100Price not final

“Stocks Rebound as Crude Oil Prices Fall and Chipmakers Recover” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.