Wall St rises as oil falls heading into US midterm elections
Published . Updated .
Covered by 2 outlets: Reuters, Yahoo Finance.
Who covered it: Center 2. How we rate outlets
By Shashwat Chauhan and Utkarsh Hathi Nov 2 (Reuters) - Wall Street's main indexes rose on Monday as oil prices tumbled more than 6% on hopes of a US-Iran peace deal, with investors also bracing for
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- XOM ExxonMobil Holdings
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- OXY Occidental Petroleum
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- FRO Frontline
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) 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 | -1.54% | -1.29% | base | -6.24% | after close | after close | after close |
| XLE | -0.51% | -2.20% | base | -3.39% | after close | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -1.45% | -2.77% | base | -3.52% | after close | after close | after close |
| CVX | -1.54% | -2.69% | base | -2.99% | after close | after close | after close |
| OXY | +0.13% | -1.75% | base | -4.79% | after close | after close | after close |
| COP | -1.71% | -3.24% | base | -4.30% | after close | after close | after close |
| FRO | -2.94% | -2.39% | base | -6.87% | 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.
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Wall St rises as oil falls heading into US midterm elections Reuters
Source: Reuters
Chevron (CVX) since “Wall St rises as oil falls heading into US midterm elections,” compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | that day | -4.30% | still updating |
| Conocophillips (COP) | three days earlier | -3.24% | final price |
| Conocophillips (COP) | five days earlier | -1.71% | final price |
| Chevron (CVX) | that day | -2.99% | still updating |
| Chevron (CVX) | three days earlier | -2.69% | final price |
| Chevron (CVX) | five days earlier | -1.54% | final price |
| FRO | that day | -6.87% | superseded |
| FRO | three days earlier | -2.39% | final price |
| FRO | five days earlier | -2.94% | final price |
| OXY | that day | -4.79% | still updating |
| OXY | three days earlier | -1.75% | final price |
| OXY | five days earlier | +0.13% | final price |
| United States Oil Fund (USO) | that day | -6.24% | still updating |
| United States Oil Fund (USO) | three days earlier | -1.29% | final price |
| United States Oil Fund (USO) | five days earlier | -1.54% | final price |
| Select Sector Spdr Tr (XLE) | that day | -3.39% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.20% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -0.51% | final price |
| ExxonMobil Holdings (XOM) | that day | -3.52% | 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
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 19 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 63 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 19 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 40 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 61 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 73 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 68 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 70 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 73 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).
Chevron (CVX) on one side of this energy story
Likely winners
- CVX Chevron
In “Wall St rises as oil falls heading into US midterm elections,” 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
- XOM ExxonMobil Holdings
In “Wall St rises as oil falls heading into US midterm elections,” 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
No up or down call on file
- COP Conocophillips
In “Wall St rises as oil falls heading into US midterm elections,” 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
In “Wall St rises as oil falls heading into US midterm elections,” 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
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Wall St rises as oil falls heading into US midterm elections.” 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 “Wall St rises as oil falls heading into US midterm elections,” 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
Chevron (CVX) and the energy link
Chevron (CVX) is the company in “Wall St rises as oil falls heading into US midterm elections,” the 2 Nov 2026 Energy story.
What ties Chevron (CVX) to the headline is this: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
A second company, Conocophillips (COP), is listed for a different reason: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
Price levels for Chevron (CVX)
COP traded between 127.24 and 152.76 across 17 sessions. The latest close on file is 147.96. CVX traded between 201.96 and 236.45 across 20 sessions. The latest close on file is 235.57. SHEL traded between 92.79 and 97.63 across 11 sessions. The latest close on file is 96.51.
How solid “Wall St rises as oil falls heading into US midterm elections” looks
54 out of 100Price not final
“Wall St rises as oil falls heading into US midterm elections” scores 54 out of 100. The score uses 2 sources, and 6 linked companies. The price is not final yet.