Geopolitics Alpha

Treasury Yields Extend Past Month’s Slide as Oil Prices Tumble

Published . Updated .

ENERGYTreasury Yields Extend PastMonth’s Slide as Oil Prices TumbleGEOPOLITICS ALPHA

This report is about oil and US interest rates.

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.

  • TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d

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

  • JPM JPMorgan Chase-4.3% 30d

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

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USONo price data for this ticker———————
XLENo price data for this ticker———————
TLT-0.20%-1.03%base+0.23%after closeafter closeafter close
XOM-1.45%-2.77%base-3.13%after closeafter closeafter close
CVX-1.54%-2.69%base-2.25%after closeafter closeafter close
COPNo price data for this ticker———————
SHELNo price data for this ticker———————
JPM-0.92%+0.67%base+1.16%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.

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Treasury Yields Extend Past Month’s Slide as Oil Prices Tumble Bloomberg.com

Source: Bloomberg

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

CompanyWhenMoveStatus
Chevron (CVX)that day-2.25%still updating
Chevron (CVX)three days earlier-2.69%final price
Chevron (CVX)five days earlier-1.54%final price
Jpmorgan Chase (JPM)that day+1.16%still updating
Jpmorgan Chase (JPM)three days earlier+0.67%final price
Jpmorgan Chase (JPM)five days earlier-0.92%final price
Ishares Tr (TLT)that day+0.23%still updating
Ishares Tr (TLT)three days earlier-1.03%final price
Ishares Tr (TLT)five days earlier-0.20%final price
ExxonMobil Holdings (XOM)that day-3.13%still updating
ExxonMobil Holdings (XOM)three days earlier-2.77%final price
ExxonMobil Holdings (XOM)five days earlier-1.45%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).

Companies in energy around United States Oil Fund (USO)

Companies mentioned with this story

  • USO United States Oil Fund

    In “Treasury Yields Extend Past Month’s Slide as Oil Prices Tumble,” 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 “Treasury Yields Extend Past Month’s Slide as Oil Prices Tumble,” 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

  • TLT Ishares Tr

    For “Treasury Yields Extend Past Month’s Slide as Oil Prices Tumble,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “treasury yields” (US interest rates) in this story

  • XOM ExxonMobil Holdings

    For “Treasury Yields Extend Past Month’s Slide as Oil Prices Tumble,” 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

    In “Treasury Yields Extend Past Month’s Slide as Oil Prices Tumble,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • COP Conocophillips

    Conocophillips (COP) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Treasury Yields Extend Past Month’s Slide as Oil Prices Tumble.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • SHEL Shell

    In “Treasury Yields Extend Past Month’s Slide as Oil Prices Tumble,” 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

  • JPM Jpmorgan Chase

    In “Treasury Yields Extend Past Month’s Slide as Oil Prices Tumble,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “treasury yields” (US interest rates) in this story

United States Oil Fund (USO) and the energy link

On 2 Nov 2026, “Treasury Yields Extend Past Month’s Slide as Oil Prices Tumble” 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

The price range for United States Oil Fund (USO), and the dates in the story

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 168.83. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.

The energy score for United States Oil Fund (USO)

54 out of 100Price not final

“Treasury Yields Extend Past Month’s Slide as Oil Prices Tumble” scores 54 out of 100. The score uses 2 sources, and 8 linked companies. The price is not final yet.