Geopolitics Alpha

Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, TLT, XOM, CVX
  • Market reaction: XLE −0.4% on the day (still updating); USO −0.0% on the day (still updating); COP −1.3% on the day (still updating)

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ENERGYTreasuries Fall Amid Oil PriceSwings, Strong Job Openings DataGEOPOLITICS ALPHA

This report is about oil and US interest rates. 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.

  • TLT iShares 20+ Year Treasury Bond ETF-1.6% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “treasuries” (US interest rates) 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.

  • JPM JPMorgan Chase+0.2% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “treasuries” (US interest rates) in this story.

  • COP ConocoPhillips+4.8% 30d

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

  • BAC Bank of America-11.5% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “treasuries” (US interest rates) 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
TLT-0.10%-0.30%base-0.45%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
JPM-1.44%+0.85%base-0.73%after closeafter closeafter close
COP+0.74%+2.12%base-1.31%after closeafter closeafter close
BAC+2.23%+3.18%base+0.60%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.

Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data Bloomberg.com

Source: Bloomberg

United States Oil Fund (USO) since this story, compared with the market

CompanyWhenMoveStatus
BACthat day+0.60%still updating
BACthree days earlier+3.18%final price
BACfive days earlier+2.23%final price
Conocophillips (COP)that day-1.31%still updating
Conocophillips (COP)three days earlier+2.12%final price
Conocophillips (COP)five days earlier+0.74%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
Jpmorgan Chase (JPM)that day-0.73%still updating
Jpmorgan Chase (JPM)three days earlier+0.85%final price
Jpmorgan Chase (JPM)five days earlier-1.44%final price
Ishares Tr (TLT)that day-0.45%still updating
Ishares Tr (TLT)three days earlier-0.30%final price
Ishares Tr (TLT)five days earlier-0.10%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

The side that tends to collect

  • XOM ExxonMobil Holdings

    In “Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data,” 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 “Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data.” 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 “Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data,” 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

    Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • TLT Ishares Tr

    Ishares Tr (TLT) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data.” Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “treasuries” (US interest rates) in this story

  • COP Conocophillips

    For “Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data,” 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

How energy news reaches United States Oil Fund (USO)

On 3 Nov 2026, “Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data” is the story that connects United States Oil Fund (USO) to Energy.

For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

Dates and price levels for United States Oil Fund (USO)

TLT traded between 76.44 and 81.94 across 20 sessions. The latest close on file is 79.46. 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.

The energy score for United States Oil Fund (USO)

46 out of 100Price not final

“Treasuries Fall Amid Oil Price Swings, Strong Job Openings Data” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.