Trump ignores his own team’s advice, celebrates higher oil prices
Published . Updated .
The more consumers suffer, the more money oil companies make. The president is celebrating this as part of his closing message ahead of the midterms.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.2% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+7.4% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.
- XOM ExxonMobil Holdings+11.0% 11d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+9.9% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+11.7% 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.
- WMT Walmart+9.9% 30d
Walmart (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) 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 | -2.94% | after close | after close | after close |
| XLE | -2.19% | -1.69% | base | -0.41% | after close | after close | after close |
| XRTNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -2.72% | -2.80% | base | -0.51% | after close | after close | after close |
| CVX | -3.75% | -2.77% | base | -0.81% | after close | after close | after close |
| COP | -3.70% | -3.40% | base | -0.82% | after close | after close | after close |
| SHELNo price data for this ticker | — | — | — | — | — | — | — |
| WMTNo 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.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Trump ignores his own team’s advice, celebrates higher oil prices MS NOW
Source: MS NOW
United States Oil Fund (USO) compared with energy stocks (XLE) since 26 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| COP | that day | -0.82% | still updating |
| COP | three days earlier | -3.40% | final price |
| COP | five days earlier | -3.70% | final price |
| Chevron (CVX) | that day | -0.81% | still updating |
| 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 | -2.94% | still updating |
| 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 | -0.41% | still updating |
| 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 | -0.51% | still updating |
| 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.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 28 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 31 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 45 days before publication. Filed 7 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)
The side that tends to collect
- USO United States Oil Fund
In “Trump ignores his own team’s advice, celebrates higher oil prices,” United States Oil Fund (USO) tends to benefit, medium confidence. Reason on file: This fund moves with oil prices. Linked by “oil price + prices” in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) tends to benefit, medium confidence in the 26 Oct 2026 story “Trump ignores his own team’s advice, celebrates higher oil prices.” Reason on file: A fund of energy companies. Linked by “oil price + prices” in this story
- XOM ExxonMobil Holdings
In “Trump ignores his own team’s advice, celebrates higher oil prices,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: Oil producers earn more when crude prices rise. Linked by “oil price + prices” in this story
- CVX Chevron
Chevron (CVX) tends to benefit, medium confidence in the 26 Oct 2026 story “Trump ignores his own team’s advice, celebrates higher oil prices.” Reason on file: Oil producers earn more when crude prices rise. Linked by “oil price + prices” in this story
No up or down call on file
- BNO United States Brent Oil Fund
United States Brent Oil Fund (BNO) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Trump ignores his own team’s advice, celebrates higher oil prices.” Reason on file: Tracks Brent, the global crude benchmark. Linked by “oil price + prices” in this story
United States Oil Fund (USO) and the energy link
“Trump ignores his own team’s advice, celebrates higher oil prices” (26 Oct 2026) reaches United States Oil Fund (USO) through Energy.
United States Oil Fund (USO) is on the page because This fund moves with oil prices. Linked by “oil price + prices” in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: A fund of energy companies. Linked by “oil price + prices” in this story
What this energy story puts on the calendar
BNO traded between 58.70 and 71.28 across 20 sessions. The latest close on file is 70.98. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 169.55. XLE traded between 60.95 and 69.72 across 20 sessions. The latest close on file is 69.32.
How strong the case is around United States Oil Fund (USO)
40 out of 100Price not final
“Trump ignores his own team’s advice, celebrates higher oil prices” scores 40 out of 100. The score uses 1 sources, and 5 linked companies. The price is not final yet.