Stocks surge as Democrats win and oil price slips
Published . Updated .
Key takeaways
- Stocks soared in London on Wednesday, along with European and US peers, as investors weighed a decisive win for the Democrats over President Donald Trump's Republicans in the US midterm elections.
- Exposed: USO, XLE, XOM, CVX, COP
- Market reaction: USO −8.0% on the day; XLE −4.8% on the day; COP −5.2% on the day
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Stocks soared in London on Wednesday, along with European and US peers, as investors weighed a decisive win for the Democrats over President Donald Trump's Republicans in the US midterm elections.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+6.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) 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.
- EWU iShares MSCI United Kingdom ETF-1.3% 30d
iShares MSCI United Kingdom ETF holds stocks listed in the UK, which this story is about (“london”).
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”).
- XOM ExxonMobil Holdings+2.0% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell+3.5% 11d
Shell (crude petroleum and natural gas, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- BP BP p.l.c+6.7% 13d
BP p.l.c (petroleum refining, with business in Europe): 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 | +5.38% | +6.75% | base | -8.03% | after close | after close | after close |
| XLE | +2.64% | +4.95% | base | -4.79% | after close | after close | after close |
| BWET | +7.18% | +11.56% | base | -15.67% | after close | after close | after close |
| EWU | +0.04% | +1.10% | base | +3.46% | after close | after close | after close |
| VGK | -0.30% | -0.05% | base | +2.91% | after close | after close | after close |
| XOM | +2.57% | +5.49% | base | -4.52% | after close | after close | after close |
| SHEL | +0.85% | +4.31% | base | -2.29% | after close | after close | after close |
| BP | +4.63% | +5.96% | base | -4.51% | 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.
Stocks surge as Democrats win and oil price slips Yahoo Finance UK
Source: Yahoo Finance
United States Oil Fund (USO) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| BP | that day | -4.51% | final price |
| BP | three days earlier | +5.96% | final price |
| BP | five days earlier | +4.63% | final price |
| BWET | that day | -15.67% | final price |
| BWET | three days earlier | +11.56% | final price |
| BWET | five days earlier | +7.18% | final price |
| EWU | that day | +3.46% | final price |
| EWU | three days earlier | +1.10% | final price |
| EWU | five days earlier | +0.04% | final price |
| Shell (SHEL) | that day | -2.29% | final price |
| Shell (SHEL) | three days earlier | +4.31% | final price |
| Shell (SHEL) | five days earlier | +0.85% | final price |
| United States Oil Fund (USO) | that day | -8.03% | final price |
| United States Oil Fund (USO) | three days earlier | +6.75% | final price |
| United States Oil Fund (USO) | five days earlier | +5.38% | final price |
| VGK | that day | +2.91% | final price |
| VGK | three days earlier | -0.05% | final price |
| VGK | five days earlier | -0.30% | final price |
| Select Sector Spdr Tr (XLE) | that day | -4.79% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +4.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.64% | final price |
| ExxonMobil Holdings (XOM) | that day | -4.52% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +5.49% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +2.57% | 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 21 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 65 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 21 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 42 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 63 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 70 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 72 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 75 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).
Who gains and who loses around United States Oil Fund (USO)
Likely winners
- XOM ExxonMobil Holdings
In “Stocks surge as Democrats win and oil price slips,” 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
In “Stocks surge as Democrats win and oil price slips,” Chevron (CVX) tends to benefit, medium confidence. 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 surge as Democrats win and oil price slips,” 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 surge as Democrats win and oil price slips,” 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
- COP Conocophillips
In “Stocks surge as Democrats win and oil price slips,” 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 surge as Democrats win and oil price slips,” 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 “Stocks surge as Democrats win and oil price slips” reaches United States Oil Fund (USO)
The 4 Nov 2026 story “Stocks surge as Democrats win and oil price slips” names United States Oil Fund (USO) because of Energy.
United States Oil Fund (USO) is on the page because 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 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70. XOM traded between 172.72 and 188.47 across 16 sessions. The latest close on file is 177.51.
How solid “Stocks surge as Democrats win and oil price slips” looks
46 out of 100
“Stocks surge as Democrats win and oil price slips” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.